Canon has planned to cut shipment targets of D-SLRs and compact digicams due to the flood that affected Thailand, since the required components are facing severe shortage. The shipment target for the fiscal 2011 of D-SLR cameras will be 7.2 million units less 100K units than projection and 19 million compacts, less 1 million than original plans. This may affect total revenue … [Read more...]

Canon Inc. announced profit gains on 0.4 percent increased net sales of 916.9 billion yen (UD$11.91 billion), despite declined production due to shortage of components, in its third quarter financial results for July-September. It gained 17.4 percent year-on-year in operational profit to 122.5 billion yen (US$1.592 billion) and net profit hit 77.9 billion yen (US$1.011 … [Read more...]

Nikon scored the highest points in a consumer survey regarding the most desired model among mirrorless compact system cameras for future purchase. The survey was conducted by Nikkei Shimbun in cooperation with the Research of NTT Resonant.Out of the surveyed 1,083, 31.8 percent answered yes to “Do you want to buy a mirror-less camera in future?” Nikon grabbed the highest … [Read more...]

President and Chairman of Olympus, Tsuyoshi Kikukawa has resigned. Shuichi Takayama has been appointed as the new President of the company. After the removal of Michael Woodford from the team, Kikukawa was appointed. Following the resignation, Kikukawa stated that he had stepped down to restore confidence in the company under a new management, while continuing to work as a … [Read more...]

Danish photographer Jan Grarup’s Oskar Barnack Prize winning portfolio ‘Haiti Aftermath.Leica Camera invites photographers to submit entries to the Leica Oskar Barnack Award, which is an international photo competition. Photographers wishing to take part may submit their projects online between January 16th and March 1st, 2012. Participants need to submit a portfolio of up … [Read more...]