Canon Aids Relief Efforts Following Earthquake In Southwestern China

Canon Rumor

Canon press release:

Canon aids relief efforts following earthquake in southwestern China

TOKYO, August 5, 2014—On August 3, a powerful earthquake struck southwestern China’s Yunnan Province, causing extensive destruction and loss of life. We at Canon would like to extend our heartfelt condolences to all those affected by this disaster and our thoughts go out to those suffering in its aftermath.

While we realize that the road to recovery will be challenging and time-consuming, we hope that the region will soon be able to begin the rebuilding and healing process.

The Canon Group is making a donation of RMB 3.2 million (approximately US$518,000) to aid in the relief efforts for the earthquake victims. The organization that will receive this donation is still under consideration.

Consumers Switching To Smartphones Cut Canon’s Sale Forecast By 2.1 Percent

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Image © Bloomberg
Bloomberg reports that Canon lowered its full-year sales forecast because of low demand by consumers, caused by users switching to smartphones for their photographic needs. Sales are a projected 3.78 trillion yen ($37 billion) for the current fiscal year, that’s 2.1% less than the the previous forecast.

Says Makoto Kikuchi, chief executive officer at Myojo Asset Management Co.:

“Demand for compact cameras declined sharply because of smartphones […] Canon was too aggressive with their SLR sales forecast. People who want them have already bought them.”

Canon sales of SLR cameras dropped from 2.1 million units to 1.7 million units in the 2nd quarter 2014, the sale of compact cameras decreased by 36%.

[Bloomberg via The New Camera]

Canon EF 50mm f/1.2L Listed Again On Canon Germany’s Website

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This morning I reported that the Canon EF 50mm f/1.2L lens was no longer listed on Canon Germany’s website.

Now it is listed again. I’ve speculated that the fact the lens was no longer listed could mean that a replacement could be come in the next time. This made sense since rumors suggest we will see many new Canon lenses at Photokina 2014. But since it is listed again it was probably nothing more than a mistake.