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Industry News: Canon Sees Digital Camera Market Plunging 50 Percent

By David Schonauer   Monday February 11, 2019

The worldwide sales of standalone digital cameras have been plummeting since they peaked in around 2010, but Canon thinks the industry is in for even more pain: The company believes the market will plummet another 50 percent over just the next two years, notes PetaPixel. In a recent interview, Canon president Fujio Mitarai noted that the current global market for interchangeable lens cameras is roughly 10 million units per year. But Canon’s sales have been steadily dropping by 10 percent a year over the past few years. Mirrorless models simply cannibalize DSLR sales. 

Read the whole story at PetaPixel.

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