Tag: Canon

  • Canon PowerShot V1 Compact Camera to Replace G7 X III in 2025

    Canon PowerShot V1 Compact Camera to Replace G7 X III in 2025

    Just yesterday, Canon made it known that it is shifting its attention back to compact, fixed-lens cameras, such as the PowerShot G7 X III, to keep up with well-liked models like the Sony ZV-1 and RX100 V (curr. $999.99 at Best Buy). By doing this, Canon is basically saying it will ramp up production, but fresh rumors suggest that the company is also hinting at introducing more models within the compact PowerShot series.

    Expansion of the PowerShot Line-Up

    Rumors circulating from CanonRumors indicate that Canon plans to expand and update its PowerShot V series, which debuted the interesting yet budget-friendly $429.99 PowerShot V10 vlogging camera last year. This update is expected to bring forth a new video-centric compact camera that sports a more traditional design.

    Changes on the Horizon

    It is said that this launch will happen after the discontinuation of the current PowerShot G7 X III and PowerShot SX70 HS in the first half of 2025. The new model, named the PowerShot V1, is thought to be a top-tier compact camera, following Canon’s usual naming conventions.

    Upcoming Releases

    Besides this, CanonRumors has also mentioned a potential launch date towards the end of Q1 2025, along with rumored specifications for the new video camera. Moreover, there’s another compact APS-C camera in the works, expected to arrive around mid-2025, which aims to compete with options like the Nikon Z fc (curr. $956.65 on Amazon), Fujifilm X100VI, and the forthcoming OM-3 from OM System.

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  • Canon to Release More Compact Cameras for TikTok Creators

    Canon to Release More Compact Cameras for TikTok Creators

    Canon has been the leading camera brand in sales within the US for quite some time, but many people may not realize this due to the lack of buzz and conversation surrounding Canon cameras online. This is especially true when comparing it to brands like the Fujifilm X100 series or the well-known Sony RX100 VII, which is currently priced at $1,299.99 at Best Buy. In a presentation released alongside its yearly revenue results today, Canon acknowledged the growing popularity of compact cameras and has pledged to boost their production in the coming years.

    Future Plans for Imaging

    In terms of imaging, Canon has outlined plans to enhance sales of its full-frame cameras, particularly the EOS R1 and EOS R5 Mark II, while also aiming to broaden the market for RF lenses. Furthermore, they intend to ramp up the production of compact cameras, which are becoming increasingly favored by younger audiences. Their goal is to achieve an overall camera sales growth of 8.2%. For network cameras, they are targeting a sales growth of 14.5%, which they believe will outpace the market’s growth, ultimately aiming for a total growth of 10.6% for the entire Imaging Group, with sales exceeding 1 trillion yen.

    Production Slowdown

    Even though Canon produces some highly desired compact cameras, like the PowerShot G7 and G9, there seems to be a slowdown in both production and the release of these popular models. The G7 X III, for instance, is currently out of stock nearly everywhere. Recently, platforms like Instagram and TikTok have contributed to a notable rise in popularity for cameras such as the Fujifilm X100V and other similarly compact yet powerful options.

    Increased Demand for PowerShot Series

    During its presentation, Canon specifically highlighted the growing demand for the PowerShot G7 X Mark III, indicating its aim to boost camera sales by 8.4% “through increased production and supply.” This announcement follows a recent leak suggesting that a new Canon APS-C camera could be in the works, targeting competitors like the Fujifilm X100VI and the upcoming OM System OM-3, featuring a compact retro design along with impressive video capabilities.

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  • Canon to Launch New EOS C70 Mark II Movie Camera on June 5

    Canon to Launch New EOS C70 Mark II Movie Camera on June 5

    Canon unveiled a teaser image today, hinting at the launch of a new EOS C movie camera on June 5th. Although specific details are limited, the image hints that it could be the much-anticipated EOS C70 Mark II.

    Teaser Image and Speculations

    The teaser image showcases a silhouette of a camera that closely resembles the existing EOS C70. Accompanied by Japanese text translating to "Cinema" and "June 5th," along with a countdown timer, the image has sparked speculation that the new release will be the EOS C70 Mark II, an updated version of the popular camera.

    Features of the Original EOS C70

    The original EOS C70 is equipped with a Super 35mm Dual Gain Output (DGO) sensor, capable of delivering over 16 stops of dynamic range. It also includes Canon’s Dual Pixel CMOS Autofocus technology, ensuring sharp focus even at high frame rates.

    Upcoming Announcement

    With the official announcement scheduled for June 5th, more information about the rumored EOS C70 Mark II’s features, specifications, and pricing is expected to be revealed soon. Stay tuned for further updates!

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  • Impressive Year-on-Year Growth in Camera Sales and Other Products Revealed in Canon’s 2023 Financial Report

    Impressive Year-on-Year Growth in Camera Sales and Other Products Revealed in Canon’s 2023 Financial Report

    Canon Reports 3.7% Revenue Growth in 2023 Financial Report

    Japanese tech giant Canon has released its latest financial report, revealing a 3.7% increase in revenue from the previous year. The brand's full-year revenue for 2023 reached approximately 4.18 billion yen ($28.335 billion). Additionally, Canon's net profit for the year saw an 8.4% increase compared to the previous year.

    Revenue Breakdown

    Canon's revenue was distributed across its four main business segments: printing solutions, imaging, medical solutions, and industrial equipment/other products. The printing business accounted for 2.346 trillion yen ($15.90 billion) in revenue, representing a 3.2% year-on-year increase. This segment contributed approximately 56.1% of Canon's overall revenue for 2023. Notable products in this category include the innovative color digital printer image PRESS V1350.

    The imaging business of Canon reported a revenue of 861.6 billion yen ($5.81 billion) in 2023, showing a significant 7.2% year-on-year growth. Sales in this segment were driven by Canon's new interchangeable lens digital cameras, network cameras, and other diverse products. The introduction of the EOS R6 Mark II, EOS R8, and EOS R50 cameras contributed to the strong performance. The demand for network cameras with various applications also played a significant role in boosting sales.

    Success in the Medical Business Field

    Canon's medical business field experienced a revenue of 553.8 billion yen ($3.75 billion) in 2023, marking a 7.9% increase in revenue. The company's strong sales in this sector were driven by the high demand for MRI equipment, X-ray equipment, and ultrasonic diagnostic equipment. The majority of these sales were concentrated in Japan and Europe, surpassing the previous year's record.

    Challenges in the Industrial Equipment Arm

    On the other hand, Canon's industrial equipment arm reported a revenue of 314.7 billion yen ($2.13 billion), reflecting a 4.4% decline compared to the previous year. While the demand for power equipment remained strong, the market for FPD exposure equipment experienced fluctuations in investment. Despite these setbacks, Canon remains optimistic about the outlook for 2024, particularly in its other business segments.

    Overall, Canon's 2023 financial report highlights the brand's growth in revenue and net profit. With successful performances in the printing, imaging, and medical sectors, Canon continues to demonstrate its position as a leading tech giant in Japan.

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  • “Canon Introduces a Stylish Lamp with Built-in Bluetooth Speaker in China, Priced at 2,680 yuan ($374)”

    “Canon Introduces a Stylish Lamp with Built-in Bluetooth Speaker in China, Priced at 2,680 yuan ($374)”

    Canon Launches New Light Speaker in China

    Camera manufacturer Canon has recently introduced a new product in China that combines audio and lighting functionalities. The Canon Light Speaker is a versatile two-in-one gadget designed to meet both audio and lighting needs. Its innovative design features an LED light at the top, which can be controlled using DC power and swiveled in different directions to provide adequate lighting.

    A Lamp-Like Design with Multiple Lighting Options

    The Canon Light Speaker is designed to resemble a traditional lamp, with the speaker compartment located below and the light segment positioned at the top. While it can be primarily used for lighting purposes, it offers a variety of light modes and levels to cater to different scenarios and preferences.

    Versatile Lighting System with Customizable Options

    The lighting system of the new Canon Light Speaker offers two color options: white and warm. Additionally, it supports three-level dimming options, including weak, medium, and strong. The full-range speaker incorporated within the device ensures high-quality sound across the entire frequency range, including low, medium, and high tones. Moreover, the light speaker features a passive radiator at the bottom, delivering deeper bass output. The cylindrical aluminum body of the device helps suppress noise and enables 360-degree sound diffusion.

    Seamless Connectivity and User-Friendly Features

    The new Canon Light Speaker can be easily paired with any input device using Bluetooth technology. With a battery life of approximately 5 hours, it can be conveniently recharged using a USB-C connection. The lamp, arm, and body of the light speaker are designed to be movable independently, allowing users to adjust the lighting angle with just one hand. Its free stop structure ensures easy and precise adjustments within the movable range.

    Pricing and Availability

    The new Canon Light Speaker is currently available in China at a price of 2,680 yuan (~$374). While there is no information yet regarding its availability in other markets, interested buyers can purchase the product from various e-commerce platforms in China.

    In conclusion, Canon's latest innovation, the Light Speaker, offers a unique combination of audio and lighting functionalities in a single device. With its versatile lighting options, customizable sound quality, and user-friendly features, it provides a convenient solution for both lighting and audio needs.

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