Q3 Reports Big Money for Canon, Nikon & Olympus

Money-Making Cameras

The numbers have started to come in and they are showing big financial gains for top camera makers Canon, Nikon and Olympus, thanks mainly to this quarter’s better-than-expected sales of digital cameras.

Canon posted a 15 percent profit increase in Q3 of 2006: $976 million net profit for July-September, coming mainly from strong sales of digital cameras and laser printers. In the same period last year Canon’s net income was $849 million.

Nikon also today reported that its earnings were more than 50% over what the company expected from January 1-Sept. 30. The company had forecast a 15 billion yen ($125.9 million) net profit, but reports an estimated profit of 23 billion yen ($193 million), 53% higher than forecast. The company says that concentrating only on digital cameras helped boost profits.

Olympus’ numbers are also rosy: reports say the company’s first-half operating profit is 38 billion yen ($319.3 million), which would beat the company’s estimate by 12 billion yen ($100 million).

[Via: AdoramaNews]

Chris Malinao

About Chris Malinao

Chris teaches Lightroom as workflow software to photography students at the FPPF, Federation of Philippine Photographers Foundation. He also teaches smartphone photography.

Vintage Home Movie Lights Floodlights Photography 4 Light Bar Mid-Century picture
Vintage Home Movie Lights Floodlights Photography 4 Light Bar Mid-Century
Polaroid Land Camera Model 95 With Carry Case Flash and Light Meters picture
Polaroid Land Camera Model 95 With Carry Case Flash and Light Meters
Vintage AGFA 6079 Lucimeter S Light Meter with Original Case – Made in Germany picture
Vintage AGFA 6079 Lucimeter S Light Meter with Original Case – Made in Germany
Vintage Polaroid One600 Ultra Classic Instant Film Light Blue Camera - TESTED picture
Vintage Polaroid One600 Ultra Classic Instant Film Light Blue Camera - TESTED
 Vintage SEKONIC AUTO-LEADER 3 Light Meter - MODEL 162 SELENIUM Meter picture
Vintage SEKONIC AUTO-LEADER 3 Light Meter - MODEL 162 SELENIUM Meter