Gadget News

A man walks past a showroom of Japanese imaging and optical products manufacturer Canon in Tokyo

Canon cuts outlook as weak camera sales hit second-quarter profit

Japan's Canon Inc cut its earnings outlook for the full year and reported a 16 percent fall in quarterly profit as consumers, increasingly in the habit of taking photos with their smartphones, bought fewer compact digital cameras. The world's largest camera maker said on Monday its second-quarter net profit fell to 68 billion yen ($552 million) compared with 81 billion yen a year earlier. Canon …