FEWER MODELS: Canon also said it expects to sell 7.0 million compact cameras in 2015, versus a previous forecast of 7.8 million and 22.5% less than in 2014.
TOKYO: Canon Inc said net profit fell 28.7% in its first quarter, falling short of analyst estimates, as the Japanese company faced slumping sales of digital compact cameras.
Profit was 33.93bil yen (RM1.01bil) in January-March, compared with the 53.64bil yen (RM1.60bil) average estimate of five analysts according to Thomson Reuters data.
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