Canon to accelerate development of new mirrorless products (2018 financial results are out)

Canon's 2018 financial results are out:

  • Canon expects its annual operating profit to drop for the first time in three years
  • Canon forecasts an operating profit of 325 billion yen ($2.97 billion) for 2019, down 5.2 percent from 342.95 billion yen a year earlier - the first decline since 2016
  • Tough competition in mirrorless interchangeable lens cameras and a stronger yen are also expected to hurt Canon’s earnings.
  • Canon shares have lost about 30 percent over the past year as the company slashed its annual profit forecast twice (Reuters)

Here are the slides related to the company's camera business (above slide indicates accelerated development of new mirrorless products):

Check out also Canon developer's interview for the two new Canon EF 400mm f/2.8L and 600mm f/4L IS III lenses:

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