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Saturday, July 26, 2014

Canon Posts 2nd Quarter 2014 Results

Canon released their 2014, second quarter financial results. Although camera sales have been less than robust for the last couple of years, they managed to post decent profits by producing higher sales in other product lines and meticulous cost controls.

I have been using Canon equipment for 25 years and a long time observer of the company. Last year I have made some observation and suggestion to my friends in Tokyo. Canon is a large and diversified international company and ranks among the most valuable brands in the Global 100. Their market capitalization is more than 2 and 6 times that of Sony and Nikon, respectively. They are in good shape to weather any additional downturn in camera sales and when the rebound comes, they will be in a good position to cash in on the recovery.

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