May 18, 2005

Canon, Sony, Olympus Expect Digital Cameras Shipments to Slow

May 17 (Bloomberg) — Canon Inc., the world’s biggest digital camera seller, second-ranked Sony Corp., and rival Japanese makers expect shipments of the devices to slow this year as demand slows at home and in the U.S.


Canon, the maker of PowerShot models, said it predicts shipments to grow 20 percent to 16.8 million units in 2005, compared with a 63 percent jump a year earlier. Sony, which sells the Cyber-shot brand, said shipments will gain 7.1 percent to 15 million units in the year ending March 31, compared with a 40 percent rise a year ago.

Digital camera makers in Japan, where four of the five top sellers of the devices are based, are struggling to boost sales in their home market, where a government survey shows that almost half the population already has a digital camera. Domestic shipments are expected to rise 1.8 percent to 8.7 million units this year, compared with a 29 percent boost in 2002, the Tokyo- based Camera & Imaging Products Association said Jan. 27.

Read entire article

Comments are closed.