Now the leading camera maker Canon predicted its first drop in SLRs sales through December, down to 8 million from 8.2 million last year.
Prior to this, “the high-margin interchangeable-lens format favored by professional photographers and enthusiasts has seen growth every year up to 2012,” company officials said according to Reuters’ report. “Canon said it now sees sales of the digital interchangeable-lens format coming in 11 percent below its previous forecast of 9 million cameras, issued in July.”
Canon left its 2013 sales forecast for compact cameras unchanged at 14 million, against 18.3 million in 2012, Reuters adds. Worldwide camera shipments dropped 19 percent in value in August from the same time a year earlier, a ninth consecutive monthly decline, according to Japan’s Camera & Imaging Products Association.
Canon also cut its annual profit forecast. Net income will total about $2.5 billion for the year ending December, or down to 240 billion yen from its earlier forecast of 260. Canon also manufactures printers and medical equipment.