Another Profitable Quarter for Canon
Canon has announced another quarter of rising profits, boosted by sales of colour laser printers and digital SLR cameras like the 8 megapixel Canon EOS 350D / Digital Rebel XT DSLR (pictured). Sales rose 7.3 percent to 912.5 billion yen in the three months to June 30th. “Canon’s cost structure is impressive and it can stand the price pressure that other companies can’t,’’ John Yang, an equity analyst at Standard & Poor’s in Tokyo.
Website: Bloomberg - Canon 2nd-Qtr Profit Gains on Printer, Camera Sales