Positive financial news from the imaging industry has become rare in recent years, as the sector is known to be shrinking after the highs that consumer digital cameras initially brought with them, now that they are largely being replaced by smartphones. But in the quarterly figures that Canon published for investors last week, there is once again a glimmer of hope.
The interesting thing about the report is not so much that significantly more cameras were sold in the second quarter of 2021 than in the same period of the previous year, because at that time, after all, there was worldwide shock paralysis during the first Corona lockdown with heavy sales losses as a result, while the situation has currently normalized to some extent in many regions. But in fact, sales in the mirrorless camera division have apparently exceeded even Canon's own expectations with a 77.8% increase in sales compared to Q2/20 - and this despite the component shortage, without which sales could have been even higher. Based on the quarterly results, Canon has raised its full-year forecast slightly, expecting nearly 38 billion yen (the equivalent of about 294 million euros) more in imaging sales than originally anticipated.
According to Canon, there is particularly high demand for the EOS R5 and R6 full-frame mirrorless cameras introduced last summer, and the corresponding RF lens range, which is being continuously expanded, also seems to be doing well. Apparently, photography is a popular hobby in pandemic times.