Canon has released their first quarter of 2025 financials results, and the business seems to be doing quite well. The imaging division saw a 20% increase of net sales, helped by a 30% jump in network camera sales.
The 2025 TIPA World Awards were handed out, and Canon won a few awards in various segments. Yes, the Tipa awards are pretty much for fun, but it’s recognition anyway. Manufacturers do have to pay to enter each segment, and it appears that everyone does, which may make the awards a bit more meaningful.
Canon recently released their annual report for 2024, and there are a few interesting things Canon mentions in the report. One of the biggest takeaways is Canon has moved in automated production lines for cameras and lenses.
Canon USA will be raising prices by 7-8% on all Canon cameras and lenses as soon as April 21, 2025. If it doesn’t happen that day, it will happen before the end of April. Canon Canada will also be raising prices in the near future.
Well, the hits keep on coming during the current economic fun. We already know that Canon USA will be increasing prices by 7-8% on their entire line-up of cameras and lenses. There may also be some inventory issues in the near-term.
Canon Japan has updated their camera and lens end of service dates. This is great information to have if you’re using current EF or EF-M gear. If you’re buying older gear on the used market, it’s good to know when Canon will officially stop servicing cameras and lenses.
It looks like we may see Canon USA increasing prices across the board in response to the current trade-war between the USA and China. While the USA has paused the 24% reciprocal tariff on Japan, there is still a 10% tariff in place.