Olympus stems losses but PEN sales disappoint
Olympus has announced reduction in its camera business's losses but PEN sales have fallen behind expectations. The predominantly medical company said PEN sales had fallen 12% in the first quarter, but that it expected the year's income from mirrorless models to be consistent with last year's figure of ¥9bn ($90m). The company blamed the fall on its delay in releasing the E-P5 and said the camera business is on track to break even this financial year.