Canon Slumps After Forecast Misses Estimates

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Canon reported reduced demand for cameras and lenses and lowered targets for 2013. Looks like cell phones are reducing camera slaes, plus Canon aren’t significant players in the MILC segment of the market.

…[Canon]…cut its full-year sales target for compact cameras by 15 percent to 14.5 million units as consumers increasingly use smartphones to snap shots.

via Canon Slumps After Forecast Misses Estimates: Tokyo Mover – Bloomberg.

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