From Reuters:
Olympus Optical Co Ltd, the world's number two in digital camera
sales, also raised its full-year earnings targets on Monday to 25
billion yen in net profit on 570 billion yen in revenues, compared
with a prior forecast of a 20 billion yen net profit and 562 billion
yen in sales.
Nikon's camera division, which accounts for more than half its
sales, is expected to post a 29 billion yen operating profit this
year, covering a projected 27 billion yen loss in steppers(a machine
used in manufacturing microcircuits).
He added that despite clouds of uncertainty over the U.S. economy he
did not see any signs of a slowdown in strong demand for digital
cameras there, although the prospects of fighting in Iraq added to
the uncertainty.
Nikon ranked sixth in unit sales of digital cameras worldwide last
year but has broadened its product lineup after initially targeting
the high end of the market.
The company is now gaining share in a market that looks set to grow
by a hefty 50 percent this year despite a dull economy.
Forget film cameras.
--
Winsor Crosby
Long Beach, California
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