Canon saw Q2 profits of ¥68.2 billion ($559 million), down 16% from the year-ago profit of ¥80.8 billion ($663 million), on revenue of ¥974.4 billion ($7.99 billion), up 5% from ¥926.8 billion ($7.6 billion) a year earlier. For the first six months there were profits of ¥102.1 billion ($837 million), a drop of 20% from last time’s ¥128.5 billion ($1.1 billion), on turnover of ¥1.83 trillion ($15.0 billion), a rise of 2% from ¥1.80 trillion ($14.7 billion). The company saw a drop in camera sales, due to the increasing popularity of smartphones.
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