Surprise camera comeback drives Canon earnings rally

Canon released the new financial report and there are some good news. Asian Review writes:

An unexpected revival in cameras and multifunction printers provided Canon with its first upturn in full-year net profit in three years. Even as many abandoned hope for growth in such operations, the digital camera market rose for the first time in five years, aided by people’s desire to shine on the photo-sharing social media platform Instagram. Healthy sales of mirrorless cameras propelled Canon to a 22% operating profit gain in a segment that had been on an uninterrupted decline.

Canon also expects 2018 to be an even better year thanks to double-digit growth in the mirrorless segment.

via CanonWatch (Thanks EdinaMN)