The Amateur Photographer reports that Canon’s global camera sales declined by 19% in Q2 of 2013, as compared to the same period in 2012. While compact camera sales took the biggets plunge, with a decline of 26%, the demand for interchangeable lens cameras dropped by 4%. Still, sales of the higher end DSLR models 5D Mark III and 6D continued to grow, according to the report. And despite the drop in sales, the overall revenue of Canon’s global imaging division rose by 4.4%. Canon expects the demand for interchangeable-lens cameras to grow overall, but has still cut its sales target to 9 million units from 9.2 million.
All of this isn’t really much of a surprise. Compact camera sales have been continuously declining for years now, which is mostly due to the continuously rising use of camera-equipped smartphones. So when consumers decide to step up, they will likely head directly to interchangeable-lens cameras–preferrably those which are WiFi-equipped.
Via Canon Rumors