Canon rush to reassure investors as camera profits plunge 64%

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Comment on the forum Maybe they should have listened to EOSHD earlier! The future is mirrorless, I kept saying soon after the Panasonic GH1 came out. Now starting for the first time 8 years later, Canon are trying to reassure their investors that the future is indeed mirrorless. The company also admitted in their latest financial results that EOS R and RP unit sales are below expectation. Even worse news for Canon is that profit for the entire quarter is down 64% compared to 2018, which itself wasn’t exactly a banner year. Canon continue to blame the entry level market …

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https://www.eoshd.com/2019/07/canon-rush-to-reassure-investors-as-camera-profits-plunge-64/