According to a report in the Wall Street Journal, Olympus is to cease production of its cheapest V-series point-and-shoot compact digital cameras. This follows a financial report this week which showed a group net profit of 8.02 billion Yen in 2012, driven by the company’s medical instrument business, but a loss of 23.07 billion yen for its imaging business. In response, the company has slashed its sales targets for compact cameras from 5.7 million units in 2012 to 2.7 for the current business year. Click through for more details.
News: Digital Photography Review (dpreview.com)