Interesting: Canon profits up despite slumping sales

Canon has had several price increases during the economic recession. Its understandable that because of the value of the US dollar they would have to compensate. They have also been unofficially cracking down on online retailers with lower-than-MSRP pricing (However, Canon’s website still has this text next to the prices “† Prices and specifications subject to change without notice. Actual prices are determined by individual dealers and may vary”). This is actually a good thing for the local sellers especially in Colorado. There are very few Canon authorized resellers in the Denver metro area anymore. While I can’t confirm this, I have been told by a reliable source that Canon has completely cut off Ritz and Wolf Camera from new gear due to an increasing debt they have with the company. That leaves a very small number of stores that can actually sell Canon outside of the big box chains. Good luck trying to find a good catalog of lenses at Best Buy.

Despite the failing economy they have managed to squeeze out a small profit. Canon seems to have been focused on the entry level DSLR market for the last 18 months. The Rebel T1i, EOS 40D and EOS 50D have been strong sellers in part because of kits and lower prices. The EOS 5D Mark II has been in short supply because of demand and a scaled back production for 2009. Surprisingly the demand for digital single lens reflex cameras has been strong while the demand for point-and-shoot compact digital cameras has leveled off. Canon has been losing customers, including professional, to a revamped Nikon line-up. For 2010, they need to focus on bringing back some of the professional clients they lost on the EOS 1d Mark III experiment. You can read more about the sales here.

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