May 13th, 2009 - Bloomberg
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May 13 (Bloomberg) -- Nikon Corp., the world’s second-biggest maker of cameras used by hobbyists and professionals,forecast its widest annual loss in 11 years as prices fall.
The net loss will total 17 billion yen ($176 million) inthe 12 months ending next March, the Tokyo-based company saidtoday in a statement. That would be the biggest deficit sincethe year ended March 1999.
Global sales of digital single-lens-reflex cameras willprobably fall to 460 billion yen this year from 525.3 billionyen in 2008, with average prices dropping 15 percent, MasahiroNakanomyo, a Tokyo-based analyst at Barclays Capital, said in aMay 7 report that cited figures from Japan’s Camera & ImagingProducts Association.
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