Olympus have announced that they are planning to produce more digital cameras themselves, rather than outsource to other companies like Sanyo, in a bid to turn aorund a recent decline in profits (found via DigiCamReview.co.uk).

“Japanese precision equipment maker Olympus Corp said on Tuesday it will boost in-house production of digital cameras to 50 percent in one or two years to help nurse its loss-making camera division back to health.

Olympus currently outsources 60 per cent of its digital camera production to other firms including Sanyo Electric Co, giving it less flexibility to adapt to market changes than rivals such as Canon Inc, which produces all its cameras in-house.”

Website: Hindustan Times - Olympus to hike in-house digital camera output