Save & earn with MPB; trade-in and buy pre-loved

Canon Imaging Year-On-Year Profits Down Over 50% For Q3

Canon has released its Q3/2019 financial report which shows a downturn in profits but mirrorless camera sales did increase thanks to the EOS R.

| Canon EOS R in Industry News

Canon Imaging Year-On-Year Profits Down Over 50% For Q3: Canon EOS R (3)
Canon EOS R


Canon has released its financial report for the third quarter of 2019 and it shows that both year-on-year sales and profits for the Imaging sector of the business are down. 


One image can change us.

A picture, a moment can change the way we feel. Change how we see ourselves. Change our understanding and change the rules. Provoke and change history.

MPB Gear

MPB puts photo and video kit into more hands, more sustainably. Every month, visual storytellers sell more than 20,000 cameras and lenses to MPB. Choose used and get affordable access to kit that doesnít cost the earth.

Sell the kit youíre not using to MPB. Trade in for the kit you need to create. Buy used, spend less and get more.

Buy. Sell. Trade. Create.

MPB Start Shopping

Sales decreased by 13.9% while income, before taxes, decreased by 57.8% when compared with last year's figures. Sales for the combined first nine months of the year shows a year-on-year decrease of 16.5%, while income, before income taxes, shows a year-on-year decrease of 67.3%.

The report says that sales in interchangeable-lens digital cameras decreased compared with the same period of the previous year as, simply put, people aren't buying entry-class models any more which could be down to people reaching for smartphones rather than spending money on cheaper cameras. However, a bit of good news for Canon, the sales of mirrorless cameras increased thanks to the release of the mirrorless full-frame EOS R and affordably priced models such as the EOS M200

Going forward, Canon expects the interest in entry-level interchangeable-lens digital cameras to shrink further but they see the demand for mirrorless cameras to continue to grow steadily, particularly for advanced amateur models, which includes those equipped with full-frame sensors

(Via Photo Rumors)

Buy Now

Amazon UK Logo

We don't have the latest price however the link below will take you to the most relevant items.

Amazon US Logo

We don't have the latest price however the link below will take you to the most relevant items.

MPB Logo

We transform the way that people buy, sell and trade in photo and video kit.


Support this site by making a Donation, purchasing Plus Membership, or shopping with one of our affiliates: Amazon UK, Amazon US, Amazon CA, ebay UK, MPB. It doesn't cost you anything extra when you use these links, but it does support the site, helping keep ePHOTOzine free to use, thank you.


Photographs taken using the Canon EOS R

Behind the Tax OfficeI'm right behind you...It was about here that wheels really fell offHippo & 2 Giraffes...LucyIn the marketSeconds later ...The stanceZebra & 2 Giraffes...The train arriving ...The TrioLittle Shambles

Other articles you might find interesting...

MPB Announces Hall Of Fame 2023 Inductees
Five Wins For Sony At The 2023 EISA Awards
Nikon Wins 3 EISA Awards 2023-2024
Vote In The MPB Hall Of Fame For The Chance To Win A Used Sony A7 III
Mylio Photos Introduces A New Way To Organise Your Images (A...
Nikon Wins Three TIPA World Awards
WhiteWall Receives Two TIPA World Awards
WhiteWall Introduce Design Edition By Studio Besau Marguerre

There are no comments here! Be the first!


You must be a member to leave a comment.

ePHOTOzine, the web's friendliest photography community.

Join for free

Upload photos, chat with photographers, win prizes and much more.