Canon says sales in China down more than 30 pct in 2012
TOKYO Jan 30 (Reuters) - Canon Inc said on Wednesday that its sales in China fell more than 30 percent in the year to December 2012, more than it had expected, due to a slowdown in that country and a territorial dispute between Tokyo and Beijing.
Canon forecast a 26.6 percent pickup in operating profit in 2013 as it cuts costs and gets a boost to revenues from a weaker yen, although demand for compact cameras is shrinking as consumers shift to smartphones. (Reporting by Tim Kelly; Editing by Edmund Klamann)
- Insight: How U.S. spying cost Boeing multibillion-dollar jet contract
- Exclusive: Secret contract tied NSA and security industry pioneer |
- With Fed out of the way, what's next on Wall Street?
- Yemeni al Qaeda says attack on hospital was mistake
- Insight: For Chinese farmers, a rare welcome in Russia's Far East