[popo]

From http://www.bythom.com/

 

Note: a number of photography sites are blindly repeating Reuters’ “…Canon profits down 21%...” claim, some even (incorrectly) attributing that to mirrorless cameras. Yes, you can find a -21% number in Canon’s reports: it is the year-to-date profit number versus last year for the entire company, not a quarterly decline in camera operations. Year to year, the results Canon just reported show third quarter camera unit volume down 7.6% and overall camera profits down 3.8%. Canon’s projections for the full year are a 10% decline in unit volume and 3.1% decline in profits for the camera group. Yes, Canon is under stress in the camera group. A far more troubling number than the other financial values in their report was the 16% increase in inventory in the camera group, which implies that Canon has been overproducing to demand. All that said, Canon still projects to sell far more DSLRs this year than the entire mirrorless camera market combined.

 

Recognising this thread is in the Fuji section, I'm going to try and restrain myself from further Canon commenting here.