Canon Predicts Reduced Sales Thanks to Increased Smartphone Usage

CanonvsSmartphone.gifIt's no secret that smartphones are taking over as entry-level cameras. They may not capture the kinds of photos that a good point-and-shoot can, but the ability to share instantly with friends and apply Instagram filters gives them a great deal more appeal to many consumers. Combine that with the need to only carry one item, and it's a no-brainer.

Canon says that this change is affecting their sales and has just lowered its forecast for the year, now expecting a drop in both compact and DSLR models. In total, they've cut 6.4 percent from their estimated income.

Canon also says that the massive protests in China have caused quite a bit of problems in terms of sales, dropping income from China significantly.

(via PetaPixel)

Related Articles: