Top News for the Week of 8/18/2014 – New Memjet Print Engine, Printer Revenue Down at HP, More
This week, the big news was Hewlett-Packard’s reporting of its results for third-quarter 2014. The good news is that HP achieved a slight revenue increase after several quarters of revenue decline, the bad news was lower printer revenue, including lower supplies revenue.
However, HP CEO Meg Whitman was overall pleased with HP’s performance. According to Whitman in an HP investors’ conference call, the printer-revenue decline was driven by lower toner and ink revenue, which was weaker than expected.
Whitman remains optimistic that HP’s printer group will improve its performance over the next several quarters, though. The HP CEO noted that while total printer-hardware shipments declined 5 percent in the third-quarter, HP gained share in both inkjets and MFPs – both of which it considers important categories. It appears HP will be placing less focus on low-end and consumer printers, with Whitman noting “As planned, our disciplined unit-placement strategy resulted in declines in single-function mono and low-value home printers; but we’re seeing continued momentum in focus areas like managed print services, where we had another strong quarter of signings. This is an important business for us, as it supports a strong after-market sales opportunity for supplies.”
Also this week, market-research firm Gartner presents an interesting report detailing how long it’ll be before consumers adopt 3D printing. For the next five years at least, applications in business, such as rapid prototyping, and medical, will dominate 3D printing, with consumer printing relegated to mostly hobbyists.
Speaking of 3D printing, you may surprised by which countries have the highest and lowest share of the worldwide 3D-printing market.
According to 3D-printing analyst Wohlers Associates, the country with the leading market share in the worldwide 3D printing market is the United States, which has 77-percent market share, and is home to big players such as Stratasys and 3D Systems. The United States is followed by Germany (11 percent), Japan (3.7 percent), and South Korea (2 percent). The United States has more than 1,800 3D-printing patents.
The government of South Korea is hoping to changing this with a 10-year plan and a 3D Printing Industry Development Council to capture 15 percent market share. Similarly, last spring, the Japanese government announced the formation of a consortium of university and private-sector companies, including Panasonic and Mitsubishi, dedicated to 3D printing (see here). One big question remains, though, and that’s when and if the world’s largest seller of printers – Hewlett-Packard – will get into the game. We already know HP has a 3D printer in development, and that it’ll likely not be for consumers – as to the time frame, we should see an announcement from HP.
Other notable news about ongoing developments this week includes:
- OKI continues to push the envelope with new toner-based imaging solutions.
- Brother rolls out even more hardware and it keeps getting better.
- Memjet innovation continues to focus on inkjet for commercial-printing applications with the debut of a new print engine for OEMs.
- Hewlett-Packard Reports Slight Revenue Increase; PC Revenue Up but Printing Revenue Down – Read more here.
New Products and Solutions
- Memjet Launches Next-Generation Print Engine, Sirius, for More Versatile Media Handling – Read more here.
- New Xerox DocuMate 4830 Scanner up to 67-Percent Faster – – Read more here.
- New Brother Small-Office Laser Printers and All-in-Ones Feature Faster Print Speeds, Cloud and Mobile Connectivity – Read more here.
- Canon Expands Cloud-Connected PIXMA Color Photo All-in-One Family with Three New Models – Read more here.
- OKI to Preview New Color Label Printer, C711DW, at Labelexpo – Read more here.
- Gartner: Mainstream Consumer Adoption of 3D Printing is Five Years Away – Read more here.
- Lexmark Increases its Bid for ReadSoft for Third Time, Gains Majority Voting Control – Read more here.
- Canon Takes Toner-Cartridge Patent-Infringement Campaign to Russia – Read more here.
The Third Dimension