Shares of Canon fell 2.5% on Wednesday after revelations that the company is expected to downgrade its earnings guidance for 2019, according to a new report by Nikkei.
Nikkei reported that Canon's operating profit is likely to fall short of the current forecast by about 50 billion yen ($447 million) as consumers opt for smartphone cameras over digital cameras.
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from Top News & Analysis https://cnb.cx/2PfiNGN
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