Canon India Focusing on Laser Printers as Compact-Camera Sales Decline
April 1, 2015 – The Hindu Business Online reports that as Canon’s compact-camera sales are declining, the company is instead focusing on laser printers. Canon India is reportedly bringing in more laser-based MFPs, moving away from compact cameras, with a “back up” in the form of high-end printers and MFP/copiers.
Canon India recently introduced a series of new laser MFPs targeting enterprise, BFSI (banking, financial services, and insurance), government, and small and mid-sized businesses.
A Canon India spokesperson commented, “Today the camera division contributes about 50 percent of our sales turnover, but we see this changing as printers …are recording high growth between 8-10 percent. Canon is also seeking to gain revenues from servicing and maintenance of the high-end printers through a new division, which caters to enterprises.”
In January 2015, Canon Inc. reported results for its fiscal-year 2014, noting that total demand for its office MFPs and laser printers maintained steady growth, with sales of MFPs increasing steadily from the year-ago period, but total sales of compact digital cameras declined.
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- January 2015: ROBUST QUARTER AND FULL-YEAR FINANCIAL RESULTS FOR CANON, OFFICE IMAGING RECORDS HEALTHY GAINS
- May 2014: RECOVERY IN INDIA’S PRINTER/COPIER/MFP MARKET; HP REMAINS MARKET LEADER
- March 2014: INDIAN HARDCOPY-PERIPHERAL MARKET STATIC IN 2013
- October 2012: CANON TARGETS INDIA’S INKJET PRINTER MARKET