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Japan's Canon Inc cut its earnings outlook for the full year and reported a 16 percent fall in quarterly profit as consumers, increasingly in the habit of taking photos with their smartphones, bought fewer compact digital cameras.
The world's largest camera maker said on Monday its second-quarter net profit fell to 68 billion yen ($552 million) compared with 81 billion yen a year earlier. Analysts on average expected 65 billion yen, according to Thomson Reuters data.
The firm said it now expects full-year profit of 245 billion yen rather than the 255 billion it forecast three months ago.
http://uk.reuters.com/article/2015/07/27/us-canon-results-idUKKCN0Q10FD20150727
This chart show huge danger for camera companies in Japan (even if most produce many goods outside now, they still need to return credits, make payments and such in yen).
Sony report
Sales increased 3.5% year-on-year (a 5% decrease on a constant currency basis) to 170.4 billion yen (1,396 million U.S. dollars), primarily due to the impact of foreign exchange rates and an improvement in the product mix of digital cameras reflecting a shift to high value-added models, partially offset by a decrease in unit sales of digital cameras reflecting a contraction of the market.
Operating income increased 3.9 billion yen year-on-year to 21.3 billion yen (174 million U.S. dollars). This increase was mainly due to the improvement in digital camera product mix reflecting a shift to high value-added models.
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