Canon cuts full-year outlook on lean demand for cameras, chips
Reuters reports Canon Inc lowered its full-year earnings outlook for the second time this year, citing lower sales of DSLR cameras and lean demand for semiconductor-producing equipment. Canon cut its annual profit forecast to 335.5 billion yen ($2.99 billion) from 378.5 billion yen. Sales of SLR cameras shrank faster than expected as some customers held off purchases ahead of Canon’s launch of...
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