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From Reuters
Canon’s Mitarai Calls Holiday Sales, Outlook Weak, Reuters Says

By Patrick Rial
Jan. 11 (Bloomberg) — Canon Inc.’s 2008 holiday sales were “disappointing” and the world’s largest maker of digital cameras expects 2009 to be its “worst year,” Chairman Fujio Mitarai said, according to a Reuters report.

“This year must be the worst” for camera sales and the economy, Mitarai said, speaking in Seoul, South Korea, according to the report. Mitarai is also chairman of Keidanren, Japan’s largest business lobby.

Assessment
Well this is great news! Seriously though, I think a lot of Chairman’s are saying the same thing.

I don’t expect this outlook to alter product launches all that much. The new Rebel and compacts are a given.

What about the pro stuff? There will definately be a new pro body and pro lenses introduced in 2009. We have the winter Olympics and World Cup in 2010. You can’t be going into these events with sparse stock levels. It all needs to be out the door before the end of the year.

cr