Friday 30 October 2009

Canon profits

Well anybody how has recently purchased photographic equipment will know how much new gear has gone up
Last year i purchased a Nikon 200-400 for $5100, Today its $6300 and my 600mm F4VR has gone up $700, When Canon announced the 1D MK3 it was around 3000GBP but the new MK4 is 4500GBP, Everybody blames the yen against the dollar, well Canon have announced their profits and it shows that although sales are down profits are up showing that's its not all about falling currency and just upping prices to allow for falling sales, Not too many companies can increase prices 30-50% in a recession and get away with it, more details here


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