Canon announces positive forecast for coming FY

Canon Inc. announced that it was looking forward to a positive financial year 2013-14, backed by continuing  consumer demand for its D-SLR cameras. The company announced it had achieved solid sales of units in the  first quarter. Canon estimated that the world’s shipments of interchangeable lens compact cameras  would grow 11% year-on-year to 20 million units in 2013, while also forecasting that the domestic market would rise to 2.15 million units. Canon has established itself as the market leader in this segment so far, and aims to keep the position for the rest of the year.