Canon's digital camera business is being hit hard by the growing popularity of smartphones

Declines in Digital Cameras Impact Canon’s Q1, but Volumes for Some Printing Products Increase

By AI staff on April 24, 2013 Actionable Briefings

On April 24, Canon reported financial results for the first quarter of 2013, ended March 31. Canon reported revenue and earnings declines in the first quarter and attributed its results to declining demand for digital cameras, the tepid worldwide economy, and stiff price competition. But in those business segments we follow most closely, Canon had

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