Reuters: Technology News: Canon sees lower compact camera sales in 2013, expects weaker yen

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Canon sees lower compact camera sales in 2013, expects weaker yen Apr 24th 2013, 06:19 Tweet Share this Email Print Related News Yen rises from multiyear lows on growth concerns, G20 Mon, Apr 15 2013 Dollar falls from four-year peak versus yen after U.S. data Fri, Apr 12 2013 Global stocks rise on China data; yen down on BOJ plan Wed, Apr 10 2013 Dollar dips vs. yen but 100 in sight, Fed minutes eyed Tue, Apr 9 2013 Global stocks rise, helped by China data; yen gains Tue, Apr 9 2013 Analysis & Opinion Japanese workers need to go back to the 1980s Review: Walking cure for cash-strapped U.S. cities A logo of Canon Inc is pictured at an electronics store in Tokyo October 23, 2012. Credit: Reuters/Yuriko Nakao TOKYO | Wed Apr 24, 2013 2:19am EDT TOKYO (Reuters) - Japan's Canon Inc said on Wednesday it expected to sell 14.5 million compact cameras in the current business year that ends in December, down from its previous forecast of 17 million units, but it expected a weaker yen versus the dollar. The camera and printer maker expected an average exchange rate of 95 yen to the dollar in 2013, down from its previous assumption of 85. It also revised the average euro exchange rate assumption to 125 yen this year, from 115. Canon kept its estimates of interchangeable lens camera sales of 9.2 million this year. (Reporting by Mari Saito and Tim Kelly; Editing by Daniel Magnowski) Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above.

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