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'Japanese precision equipment maker Olympus Corp said on Tuesday it will boost in-house production of digital cameras to 50 percent in one or two years to help nurse its loss-making camera division back to health.
Olympus currently outsources 60 per cent of its digital camera production to other firms including Sanyo Electric Co, giving it less flexibility to adapt to market changes than rivals such as Canon Inc, which produces all its cameras in-house.
The move is part of a broader plan to strengthen its camera operations after steep price falls and sluggish sales of digital cameras caused a 57 per cent decline in its net profit for the April-September first half.'
Read more at Olympus to hike in-house digital camera output
Posted by Darren in our News category on November 10, 2004