Canon has warned that the $40 billion digital camera market could shrink in 2009, according to a report by Reuters. Sales of DSLR cameras have been affected by the global economic slump, although Canon has maintained its estimate for SLR sales to rise 38 percent to 4.4 million units in 2008. Canon’s Tsuneji Uchida commented “We hope we will see the same level of demand next year as this year. Whether or not that will become reality is up to economic conditions.”

Website: Reuters - Canon says digital camera market may shrink in 2009

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