This Week in Imaging: Mixed Financial Results; Ricoh Takes $200M Loss; HP-Samung Deal Done
The big news this week was of course HP Inc.’s completion of its acquisition of Samsung’s printer business. With the acquisition, HP promises that its new A3 portfolio will boast about 30-percent lower service costs and 40-percent lower cost for color output. HP says the lower service costs will in part be obtained through more predictive parts and supplies monitoring. It will seek to distinguish its offerings by emphasizing their security features through national ad campaigns such as The Wolf and Connection Inspector, and will pursue managed print services model. Its competitors – many of whom reported a mixed-bag of financial results this week – will be the usual players: Canon, Konica Minolta, Ricoh, and Xerox.
As we know, this will of course occur in an environment of gradually declining office print volumes – recent data from Print Audit, for instance, shows that average daily office print volume per user fell from 20.56 pages in 2015 to 17.39 pages in 2016. So HP will be essentially seeking to take market share from others. On the other hand, it pegs the global A3 copier/MFP market at a value of some $55 billion. Meanwhile, its competitors are rapidly seeking to diversify: into commercial and graphic-arts printing, healthcare services, security services, and managed IT services.
Personally, we believe commercial printing and 3D printing are HP’s real strengths – with, for instance, ebook sales falling, and industrial 3D printing (and robotics) ushering in the Fourth Industrial Revolution. But, as we’ve noted previously, it’s going to be a long, long time before office workers stop printing. In the meantime, if HP can really offer copier channel partners and customers substantially lower service and color costs, and rock-solid security, the rewards will be substantial.
It’s Official: HP Completes Acquisition of Samsung’s Printing Business – Read more here.
Ricoh Execs to Take Pay Cuts; Ricoh to End Support for Ricoh India – Read more here.
Sales up for Ricoh, but Revises Forecast to Reflect Ricoh India Losses – Read more here.
Ricoh to Record ¥23.1 Billion ($202.4 Million) Extraordinary Loss – Read more here.
Sharp Reports Higher Sales for First Half, Raises Forecast – Read more here.
Konica Minolta Reports Much-Improved Financial Results – Read more here.
OKI Reports Smaller Loss, but Net Sales Down – Read more here.
Kyocera Reports Stellar Six-Month Financial Results – Read more here.
Net Income, Earnings per Share Down Sharply for EFI’s Third Quarter – Read more here.
Commercial- and Production-Printing News
EFI to Spin-Off Jetrion Label-Printer Line – Read more here.
Xeikon to Provide Sales, Service, Support for EFI’s Jetrion Label-Printer Line – Read more here.
HP Expands DesignJet Portfolio with New 24-Inch HP DesignJet T830 Multifunction Printer – Read more here.
Samsung Transferring Warranties to HP – Read more here.
Kodak Introduces First 3D Printer, the Portrait 3D Printer – Read more here.
Industrial/Professional 3D-Printer Shipments Set for Growth as HP Inc., GE Move Into Global Top Five – Read more here.
Printer Sales Down in Western Europe, But HP Makes Gains – Read more here.
Konica Minolta Extends its Managed IT Services Portfolio with Managed Voice – Read more here.
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