growth

Canon Sales Fall Short of Expectations, Sigma Founder Passes Away

Canon's president Tsuneji Uchida announced today that he will be stepping down to pave way for a younger management team as the company fell short of expectations for the second straight year. Canon's stock price dropped 19% last year while Nikon's grew 4%. The total number of Canon cameras sold dropped 4% last year, likely a result of both a shift away from consumer cameras and the shortages caused by Japan's earthquake and Thailand's flooding.