Nikon Boosts Monthly D70 Production Almost 30%

TOKYO ( Reuters) - Japan's Nikon Corp said on Tuesday that it was boosting production capacity of its hot-selling D70 digital single-lens reflex (SLR) camera, while eyeing an eventual exit from film compact cameras due to sliding demand.

In an interview with Reuters, managing director Makoto Kimura said Nikon would raise monthly capacity for the "D70" model to above 90,000 units by September or October, compared to 70,000 when the camera hit stores in March.

Nikon aims to sell one million digital SLRs in the current business year to March 2005, compared to about 300,000 in 2003/04. It expects sales of all digital cameras to reach 7.8 million units, up 44 percent from 5.4 million units last year.