Nikon's Profits Rise
Strong demand for the 6 megapixel Nikon D70 DSLR (pictured) saw Nikon post a profit of £30.2 million in the three months to December 31, reports the Scottish newspaper Edinburgh Evening News (found via CameraTown).
“Last year, managing director Makoto Kimura said Nikon was increasing production capacity for the D70, with a view to eventually halting production of film-dependent compact cameras for which demand is sliding. He said Nikon aimed to sell one million digital SLRs in the business year to March 2005, compared to about 300,000 in 2003/4.”
Website: Edinburgh Evening News - Nikon snap happy as profits hit £30m