Canon Financial Results 2024 (all is fine)

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Canon published their financial results for the year 2024. All is good and the company is in good health.

From Canon:

As for interchangeable-lens cameras, demand is stable thanks to needs of professionals and people who enjoy shooting still images as well as the needs of SNS users to shoot video. Additionally, demand was stimulated by the investment of each company to expand sales. As a result, the size of the market in 2024 was 6.3 million units, which exceeds last year. And in 2025, we expect it to be around the same level.
In addition to launching two new models in the second half of the year, the EOS R5 Mark II for professionals and enthusiasts and the EOS R1, our flagship model, we also conducted sales promotions for entry-class models. As a result, net sales of cameras in the selling season fourth quarter increase 14.6%, resulting in a 6.5% increase for the full year.
In 2025 as well, our plan is to expand sales of full-frame models, mainly the EOS R5 Mark II and EOS R1, which will raise our average selling price and lead to an increase in RF lens sales. Additionally, due to the spread of SNS, the popularity of compact cameras that can easily capture images that differ from those of smartphones is growing among young people. As a result, we are seeing a buildup of orders, mainly for higher priced models like the PowerShot G7 X Mark III. We aim to expand overall camera sales by 8.4% through increased production and supply.

Canon May Announce The EOS R7 V & EOS R7 Mark II In 2025

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A new Canon rumor surfaced, and it’s about new R7 models.

Rumors surrounding Canon’s EOS R7 lineup have been circulating ever since the original EOS R7 was launched in 2022, with early whispers suggesting a potential EOS R7 C. However, it seems that this model was eventually scrapped before reaching the market—proof that sometimes even the best rumors ideas get cancelled.

Looking ahead, the Canon EOS R7 Mark II is expcted to arrive sometime in the second half of 2025. While there are no confirmed specs as of yet, the word is that the new model will be “upmarket,” possibly offering more advanced features. In addition to the R7 Mark II, Canon is rumored to be working on two versions: a video-focused variant (speculatively named the Canon EOS R7 V) and a photography-focused model. It’s speculated that the R7 Mark II may take a similar approach to the old EOS 7D series, which was essentially a “baby” version of the high-end EOS-1D X line.

The upcoming Canon EOS R50 V is also expected to give us a glimpse into Canon’s future plans for their “V” series of RF-mount cameras. With the “V” designation appearing in both the PowerShot and EOS R lines, it’s clear that Canon has some exciting developments ahead.

That said, be cautious with these rumors—while intriguing, they don’t come from the most reliable sources. Time will tell what’s real and what’s just speculation or wishful thinking.

All Canon rumors are listed here.

[via Canon Rumors]

Are Resin Lens Elements Coming To Future Canon Lenses? (Canon patent)

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Will we see plastic lens elements in future Canon lenses? A pertinent Canon patent application was spotted.

Canon patent application P025019790, published In Japan on February 7, 2025, introduces a new zoom lens and imaging device. The patent addresses the challenge of creating a compact, large-aperture zoom lens with minimal aberration. To achieve this, Canon proposes the use of plastic lenses, as seen in examples like the 28-105mm F4, 24-35mm F2, and 24-35mm F3.5.

The key idea of the invention is to utilize resin lenses in the zoom lens construction, which helps reduce the weight of the lens. However, resin lenses are known to be sensitive to temperature and humidity changes, which can cause fluctuations in focus and optical aberration. Previous patents have attempted to address this by pairing resin lenses with both positive and negative refractive power in the same lens group to counteract these fluctuations.

Canon’s new approach focuses on using resin lenses in a way that minimizes the impact of temperature and humidity on optical performance. This innovation aims to provide a lightweight, small-sized zoom lens that retains consistent optical quality despite environmental changes. The patent also explores methods to stabilize the refractive power of resin lenses, particularly those made from high-dispersion materials, which are prone to changes due to moisture absorption.

Example 1

  • Focal length: 24.70-48.80
  • F-number: 2.90
  • Half angle of view: 37.93-23.91
  • Image height: 19.25-21.64
  • Total length: 127.00-146.40
  • Back focus: 19.97-29.15

Example 2

  • Focal length: 24.70-67.90
  • F-number: 2.90
  • Half angle of view: 37.63-17.67
  • Image height: 19.04-21.64
  • Total length: 141.13-173.50
  • Back focus: 13.00-31.83

Example 3

  • Focal length: 28.84-101.85
  • F-number: 4.12
  • Half angle of view: 33.94-11.99
  • Image height: 19.41-21.64
  • Overall length: 185.56-248.11
  • Back focus: 19.76-23.79

More Canon patents are listed here.

[via asobinet]

Here Is A Bunch Of New Canon Rumors (PowerShot V1 and EOS R50 V)

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The most indefatigable Canon rumors mill out there produced some new suggestions about Canon’s plans.

The PowerShot V1

Canon is expected to showcase the new PowerShot V1 to retailers in the coming month, although its official announcement likely won’t happen before CP+ later this month. If the timeline changes, that would be a pleasant surprise.

Looking ahead, a new PowerShot model is expected in the second half of 2025, aimed at replacing the PowerShot SX70 HS. This 20MP fixed-lens camera currently boasts a 65x zoom (21mm-1365mm equivalent). However, the upcoming replacement is unlikely to feature such an extreme zoom range. With a larger-than-1-inch sensor expected, the zoom will probably top out at around 600mm to 800mm, a more realistic figure.

Canon is confirmed to be manufacturing the image sensors for the new PowerShot cameras, which has been a frequent query. The full roadmap for PowerShot models remains unclear, with the market’s reaction to these new models influencing Canon’s strategy.

About the PowerShot V1 sensor

Some speculations about the sensor size in the upcoming PowerShot V1. Canon has developed a new sensor that is slightly larger than the typical Micro Four Thirds (m43) sensor. It’s expected to be around 1.4 inches in size, compared to the 1.35 inches of a standard m43 sensor. This new size appears to be unique, as no other cameras currently use this exact size.

Interestingly, the sensor’s exact dimensions are still unclear. It could either be in a 4:3 or 3:2 aspect ratio, which would slightly alter its physical size. To give some context, a 1″ sensor typically has a diagonal of around 16mm. A 1.4″ sensor would then have a diagonal of approximately 22mm, about 1.4 times larger than a 1″ sensor.

In terms of physical dimensions, a 1″ sensor could measure 17.6 x 13.2mm in a 4:3 aspect ratio or 18.3 x 12.2mm in a 3:2 ratio. Our sources, who are usually accurate, confirm that this new sensor is indeed slightly larger than an m43 sensor, with a confirmed size of 1.4″. This new sensor is expected to provide enhanced performance, though exact specifications remain under wraps.

The Canon EOS R50 V

Canon may be set to release a video-focused APS-C camera, with rumors pointing to the EOS R50 V. Described as “boxy,” the R50 V is expected to have updated ergonomics for better video use, and could attract a strong following given its emphasis on video functionality. However, the camera’s price point of $1500 seems out of line with the previously mentioned specifications for an APS-C camera, leaving some uncertainty about its final form.

Canon is introducing new segments in the APS-C lineup, which is expected to include the EOS R50 V. The current EOS R50 is a great camera for video, especially when paired with lightweight lenses like the RF 16mm f/2.8 STM. Despite its compact size, it may not be the best fit for larger hands, with some finding it small for photography.

While there are no confirmed specs for the EOS R50 V yet, it is expected to be announced around CP+ later this month. As for the timeline, Canon could surprise us with an announcement at any moment. More details will likely surface soon as the release approaches.

[via Canon Rumors]

Here Is A List Of Discounted Canon Cameras At B&H Photo

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B&H Photo has ongoing discounts on Canon gear. Here is a curated list.

  • Canon EOS R6 Mirrorless Camera with 24-105mm f/4 Lens on sale at $2,699 ($700 off)
  • Canon EOS R6 Mark II Mirrorless Camera Cine Kit on sale at $2,832 ($250 off)
  • Canon EF-S 10-22mm f/3.5-4.5 USM Lens on sale at $249 ($400 off) – works fine with adapter on every EOS R camera.
  • Canon EF 17-40mm f/4L USM Lens on sale at $599 ($200 off) – works fine with adapter on every EOS R camera.
  • Canon EF 50mm f/1.4 USM Lens on sale at $299 ($100 off) – works fine with adapter on every EOS R camera.
  • Canon EOS Webcam Accessories Starter Kit for Select EOS R Cameras on sale at $119 ($40 off)

More discounted Canon gear listed at B&H Photo – there is plenty of.

More selected deals:

Here are the latest Canon Rumors and News

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In case you missed the latest Canon rumors and news, here is a round-up.

Canon has been busy over the past week, rolling out a series of exciting announcements that reaffirm its commitment to pushing imaging technology. From lens innovations and cutting‐edge sensor breakthroughs to new software tools for creators, the recent Canon news offers something for every photographer and videographer as we head deeper into 2025.

One of the standout releases is the announcement of the Canon RF 16–28mm F2.8 IS STM lens. Canon has introduced this new wide‐angle zoom designed for its RF mount system, offering a fast f/2.8 constant aperture and optical image stabilization in a compact, versatile package. Scheduled to ship on February 11, 2025, the lens promises to deliver excellent performance for both stills and video—a feature that will particularly appeal to content creators and hybrid shooters looking for a combination of speed, clarity, and portability. This addition to the RF lineup comes as Canon continues to refine its mirrorless system, providing a fresh option for enthusiasts and professionals alike.

In parallel with the lens launch, Canon has also rolled out the new “Live Switcher Mobile” iOS app. Released on January 20, 2025, this innovative application is designed to simplify multi-camera livestreaming. With a single touch, creators can now switch between multiple Canon cameras on a shared Wi-Fi network, enabling one-person multi-angle productions without the need for bulky hardware. This streamlined solution is a boon for vloggers, event streamers, and independent filmmakers who require flexibility and ease-of-use while on the go.

Not to be outdone in the sensor department, Canon has unveiled a breakthrough full-frame CMOS sensor featuring an unprecedented 410 megapixels. Announced on January 22, 2025, this state-of-the-art sensor is the highest pixel-count ever achieved in a 35mm full-frame format. Designed for applications that demand extreme resolution—ranging from industrial imaging and surveillance to medical diagnostics—this sensor packs 24K-level resolution with advanced readout speeds to maintain performance despite its enormous data output. Such an innovation hints at a future where even more compact yet incredibly powerful imaging devices become the norm.

Adding to the excitement, Canon insiders are hinting at significant firmware updates for flagship cameras such as the EOS R1 and EOS R5 Mark II. Rumors suggest that “major” new firmware enhancements are on the horizon ahead of Canon’s upcoming CP+ event in Yokohama at the end of February 2025. The anticipated updates are expected to boost autofocus performance, improve video capabilities, and refine overall image processing—further solidifying Canon’s competitive edge in professional imaging.

There’s also buzz from January 27, 2025, about Canon’s potential announcement of a new APS-C mirrorless camera. Early details suggest a model that could feature a 24.1-megapixel sensor, 6K RAW video recording, and high-speed continuous shooting at 30 fps, along with a refreshed design. While these details remain speculative at this stage, they signal Canon’s intent to cover all segments of the market, ensuring that both full-frame and APS-C users receive cutting-edge technology.

Overall, the last seven days have showcased Canon’s robust innovation pipeline. Whether it’s a new RF lens for versatile shooting, an app that redefines live production, or sensor technology that sets new benchmarks for resolution, Canon is clearly investing in the future of imaging. As more details are set to emerge at CP+ and beyond, photographers and videographers alike have much to look forward to in a year that promises to redefine creative possibilities.

Stay tuned…