Thursday, October 25, 2012

Canon Reduces Forecasts as Smartphones Start Replacing Cameras

Canon lowered its sales forecast for Powershot, Ixus and other compact models by 9.5 percent to 19 million units, and for professional-grade EOS models by 4.3 percent to 8.8 million, the company said in a statement today. The profit forecast was cut 6 ...

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