Canon Inc. has released Q2 2023 financials along with first half of 2023 performance. It looks like things are going well for Canon as they have seen double digit sales growth for cameras and lenses.
There aren’t really any juicy tidbits of information in the presentation material, but here is a breakdown of Canon’s thoughts on the camera part of their business.
As for cameras, we expect the market to grow slightly to 5.85 million units in 2023,
as user demand is stimulated by new mirrorless cameras launched by each company.Since last year, we have launched 6 mirrorless cameras, from entry class to advanced
amateur models, in an effort to strengthen our EOS R series lineup. In the second
quarter, sales of these new products were strong, and sales of RF lenses along with
camera units increased, resulting in double-digital sales growth.For the full year as well, we will aim for double-digit sales growth and unit sales of
2.9 million units, which exceeds that of last year. In order to broaden the scope of
camera users, following the EOS R50 in March, our first entry-class model of our
EOS R series, we released the EOS R100 in June. This product is the smallest and
lightest in the series, and it is a model that users can easily enjoy full-fledged image
capturing, which will encourage people to step up from smartphones.In June, we launched the PowerShot V10, a camera specifically designed for
vlogging to capture growing demand. We will continue to offer new cameras while
differentiating ourselves from smartphones, featuring 4K 30 frames per second longduration video capturing and natural selfies at close range with a wide-angle lens.https://global.canon/en/ir/index.html
Canon financial information
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