Canon cuts profit forecast as post-Brexit yen strength bites, Reuters reports

canon rumors

Reuter reports:

Canon Inc cut its full-year profit forecast on Tuesday, becoming Japan’s first major technology company to report a weaker outlook on the yen’s surge following Britain’s vote to leave the European Union.

The world’s biggest maker of cameras and printers forecast group operating profit of 265 billion yen ($2.54 billion) for the year through December, from 300 billion yen estimated three months prior.

The new forecast, Canon’s second downward outlook revision this year, is below market expectations of 297 billion yen, based on estimates of 17 analysts surveyed by Thomson Reuters.

The company also said that for the quarter through June, operating profit fell 35 percent to 68.6 billion yen, missing the 81.9 billion yen average of five analyst estimates.

Read the story at Reuters…

Venus Optics will announce the Laowa 12mm f/2.8 Lens on July 30

Laowa 12mm f/2.8

Venus Optics will soon announce a new lens, the Laowa 12mm f/2.8. The announcement is expected for July 30, 2016. The lens comes in various mounts, Canon included.

Laowa 12mm f/2.8 specifications:

  • Image circle: 24×36
  • Field of view: 121.96°
  • Optical formula: 16 elements, including 2 aspherical elements and 3 elements made of glass with anomalous dispersion, in 10 groups
  • Number of aperture blades : 7
  • Aperture range: f/2.8 – f/22
  • Manual focus
  • Minimum focusing distance: 0.18m
  • Maximum magnification: 0.2x
  • Maximum diameter: 74.8mm
  • Length: 82.2mm
  • Weight: circa 570g.
[via Mirrorless Rumors]

Canon showcases the future of broadcast and cinema at IBC 2016

IBC 2016

Canon press release:

London, UK, 22 July 2016 – Canon Europe will be demonstrating its full range of professional imaging products at IBC 2016, the leading global tradeshow for the media and broadcast industry in Amsterdam, Netherlands. Having exhibited at IBC for more than three decades, Canon will display its latest industry-leading innovations – the range will include professional cameras, broadcast live streaming, reference displays and in excess of 100 lenses.

The Canon stand will provide visitors with the opportunity to get hands-on with Canon’s Full HD, 4K and HDR products, through a variety of end-to-end workflow scenarios – from shooting experiences, to review and editing processes, including innovative low-light and long distance live shooting demos.

Since its inception in 2011, Canon’s Cinema EOS range has been instrumental in transforming the professional video industry – with a range of innovations, including Dual Pixel CMOS AF for effective autofocus, leading sensor technology and advances in resolution. In April 2016, Canon saw the family of Cinema EOS products expand further with the launch of the versatile ME200S-SH, a compact professional multi-purpose video camera, and CN-E18-80mm T4.4 L IS, a compact cinema EOS lens with cine-servo style functionality. Both will be on display for touch and try, for the first time in Europe.

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Interview with the people who made the Canon Powershot G7 X Mark II

Interview With The People Who Made The Canon Powershot G7 X Mark II

Powershot G7 X Mark II: Amazon | B&H Photo | Digitalrev | eBay | Adorama | Canon USA

At a glance:

  • 20.1MP 1″ CMOS Sensor
  • DIGIC 7 Image Processor
  • 4.2x Optical Zoom f/1.8-f/2.8 Lens
  • 24-100mm (35mm Equivalent)
  • 3.0″ 1.04m-Dot Tilting LCD Touchscreen
  • Full HD 1080p Video Recording at 60 fps
  • Built-In Wi-Fi with NFC
  • Expanded ISO 25600, Up to 8 fps Shooting
  • Intelligent IS Image Stabilization
  • Manual Control Ring, Time Lapse Movie

The Canon Professional Network posted a long interview with the engineers who are behind the Canon Powershot G7 X Mark II development.

From the interview:

Q: Have any other improvements to image quality been made?

Kota Terayama: Correction of diffraction blurring, even for a small aperture, has been added. DIGIC 7’s high-speed processing performance is used along with optical information for compensation. Be sure to experience this for yourself, especially in dynamic landscape shots and performance shooting!

Hideaki Yamaki: Also, the EOS Auto Lighting Optimizer (ALO) is included on this model for the first time on a compact digital camera. As the first model to be equipped with DIGIC 7, one feature of this camera is even more advanced ALO performance than on the EOS M3 mirrorless compact. This makes it possible to compensate the brightness while maintaining contrast, making it the perfect feature for photographing people in backlit scenes. Read the interview at Canon Professional Network…

The Powershot is getting many positive reviews, click here to see al our Powershot G7 X Mark II coverage.

Canon Expands Their 4K Projector Lineup with REALiS 4K501ST

REALiS 4K501ST

Canon press release:

Canon U.S.A. Expands Their 4K Projector Lineup With The Robust And Versatile REALiS 4K501ST Pro AV LCOS Projector

REALiS 4K501ST Projector’s Impressive Combination of Outstanding Image Quality, Advanced Features and Enhanced Connectivity makes it Ideal for a Wide Range of Markets and Applications

MELVILLE, N.Y., July 19, 2016 Canon U.S.A., Inc., a leader in digital imaging solutions, today unveiled the REALiS 4K501ST Pro AV LCOS Projector which incorporates all of the same features as Canon’s current award-winning REALiS 4K500ST, as well as an enhanced video interface that offers two HDMI version 2.0 inputs with HDCP 2.2 support. Other features include native 4K resolution of 4096 x 2400, up to 5000 lumens1 and Canon’s LCOS Technology with AISYS-enhancement for brilliant, high-brightness and detailed image reproduction. The REALiS 4K501ST also offers a Genuine Canon 4K lens and a robust collection of advanced image adjustment and professional install setting features, including Marginal Focus which helps ensure content projected on the peripheral portions of domed surfaces remains in focus. At only 39.6 pounds, this model also offers one of the most compact and lightweight form factors of a high brightness 4K projector.
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