Konica Minolta have bucked the recent trend by announcing a profit of 1% in the first financial quarter of this year. A move to higher-end cameras and aggressive restructuring helped the company to stay in the black.

” ‘But thanks to a strategic shift to high-end digital cameras, with more than 5 mln pixels, the average retail price of our digital cameras rose some 17 pct in the first quarter from a year earlier,’ public relations department general manager Yuji Suzuki told a press conference.”

Website: Forbes - Japan’s Konica Minolta Q1 net profit rises 1 pct on upturn in digicam prices