Canon Dims Sales Outlook as Rising Smartphones Take Snapshots

Canon Inc. (7751) is finding it even harder to sell cameras in a global market where smartphones already command a 13-to-1 lead in shipments. Worldwide shipments of cameras have fallen to a 10-year low as consumers increasingly take pictures with phones from Apple Inc. (AAPL) and Samsung Electronics Co. (005930) equipped with lenses capable of high-quality snapshots.

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