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.

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]

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]