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Photo Marketing's News page reports that Canon have reported 2005 first quarter sales were up 5.7% in comparison to 2004's first quarter.
'Toshizo Tanaka, senior managing director and group executive for Finance and Accounting, said the increase in net sales was due to strong sales of color copying machines and color laser beam printers as demand for office color has increased, and stable sales of digital cameras. Tanaka added, “Although a difficult environment is expected in the second quarter and for the full year, we expect to exceed our sales and profit results of last year and achieve our sixth consecutive year of sales and profit growth.”'
On the flip side Sony have reported $533 million in 2004 fourth quarter losses.
'Sony recorded a group net loss of ¥56.5 billion yen (US$533 million) for the fourth quarter, compared with a loss one year earlier of ¥38.2 billion. Sony said in a statement that sales shrank 4.2 percent to ¥1.697 trillion (US$16 billion) from ¥1.772 trillion (US$16.7 billion) for the same quarter last year.'
Posted by Darren in our News category on April 28, 2005