Wednesday, November 01, 2006

Canon pulls out of film cameras

According to the English translation of a Spanish website, DSLRmagazine.com, Canon plans to pull out of film camera. This seems to be the natural progression of most camera manufacturers.

If you look at the latest sales results from Canon you can see the huge growth in digital cameras against the stagnant growth in film cameras. Digital cameras are projected to grow 17.6% in the 4th quarter compared to a small growth of 0.3% for film cameras. It seems odd that any viable business will still continue in this path and it was only a matter of time. The question is how quiet Canon has been.





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