product life cycle of canon camera?

The product life cycle of a Canon camera typically begins with the introduction phase, where new models are launched with innovative features and marketing efforts to create awareness. This is followed by the growth phase, characterized by increasing sales and market acceptance as consumers recognize the brand's quality. As the product matures, sales stabilize, but competition may intensify, leading to price adjustments and promotional strategies. Eventually, in the decline phase, sales decline due to market saturation or technological advancements, prompting Canon to innovate or phase out older models while focusing on new offerings.