donderdag, oktober 28, 2004
Sanyo and Canon cut digital camera production plans
Japanese electronics maker Sanyo Electric lowered its digital camera production target for the current business year by over 20 per cent on Thursday due to weaker than expected demand.
Sanyo is one of the world's largest manufacturers of digital cameras, but more than 90 per cent of its output supplies other companies such as Olympus and Nikon under original equipment manufacturer (OEM) agreements.
The Osaka-based company slashed its production target for the current business year to 14 million units from 18 million units, and said it planned to lower its output capacity target to 15 million digital cameras from 20 million.
"Inventories increased a bit to levels that exceeded our initial expectations so we have cut back on our production plans," said Sanyo spokesman Atsushi Watanabe.
Digital cameras are one of the pillars of the recent digital electronics boom, but growth is slowing in Japan and other key markets due to rising penetration rates, and manufacturers are struggling to maintain profit margins as prices fall.
Canon Inc. also cut its digital camera forecast on Thursday.
Bron: Reuters.
Sanyo is one of the world's largest manufacturers of digital cameras, but more than 90 per cent of its output supplies other companies such as Olympus and Nikon under original equipment manufacturer (OEM) agreements.
The Osaka-based company slashed its production target for the current business year to 14 million units from 18 million units, and said it planned to lower its output capacity target to 15 million digital cameras from 20 million.
"Inventories increased a bit to levels that exceeded our initial expectations so we have cut back on our production plans," said Sanyo spokesman Atsushi Watanabe.
Digital cameras are one of the pillars of the recent digital electronics boom, but growth is slowing in Japan and other key markets due to rising penetration rates, and manufacturers are struggling to maintain profit margins as prices fall.
Canon Inc. also cut its digital camera forecast on Thursday.
Bron: Reuters.
# posted by Jan-Edward : 18:03
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