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Canon's profit likely to slide 40% on European slowdown

Outlook for 2019 dims further as chip market falters

The shrinking camera market continues to hurt Canon as well. (Photo by Shinya Sawai)

TOKYO -- Canon's operating profit is on track to sink 40% this year to slightly over 200 billion yen ($1.85 billion), Nikkei has learned, amid a slowing European economy and slumping chip market.

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