Canon’s profits are tanking, and they are losing even more ground in the camera market.
Poor Canon; it seems as though things keep going from bad to worse for the former king of the photography castle. While Canon has been hard at work on all fronts, it seems as though their efforts aren’t producing the results they want. To be fair, earlier on this year, Canon’s CEO did say that he fully expects things to get worse before they get better, but I don’t think anyone could have predicted that their gross profits would tank quite so hard over nine months. Just what does Canon need to do to steady their ship?
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