Canon Posts Second Quarter Results

Canon has posted second-quarter results for 2009, which show that demand for DSLRs like the Canon EOS 5D Mark II (pictured) remains strong in an otherwise gloomy economic climate. The sales of pretty much everything else, including office equipment, laser and inkjet printers, optical equipment and compact cameras, declined versus the same period of last year. Within Canon’s product portfolio, business machines - including computer peripherals, office imaging and business information products - make up the lion’s share (61%), with cameras - including both compacts and SLRs - being a distant second (31%). As far as regions are concerned, Europe is the most important market, trailed by the Americas, Japan and other areas. Canon’s total operating profit is down 72% against the same period of last year, but the mere fact that the company is still making a profit in this era of world economic crisis is still positive news for investors.
Website: Canon’s Consolidated Results
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