News

Lexmark quit inkjet printer business

We recently heard about Sony exiting the PC Optical Drive market but shutting down Optiarc. Now we’ve learned Lexmark will be doing something similar with their Inkjet printer business.

As part of the $160 million restructuring program Lexmark will lay off 1, 700 employees and shut down the Lexmark inkjet business. The move will save Lexmark $85 million but the company says it will continue to offer support, supplies and warranty services to existing customers until all warranty periods expire.

Lexmark will now focus on enterprise printer products such as multifunction printers, managed print services and content management. These are considered to be higher-margin lines whereas inkjet printers represent a lower margin. Sales of inkjet supplies can bring in extra revenue but it’s not enough to be sustainable especially with the high level of competition that there is.

In also marks the decline of home printing with the digitalising of photography and photo or image sharing.

This news will probably mean any existing Lexmark printers will have prices slashed in order to shift stock quickly, so if you’re out for a printer bargain now is probably the time to search. Don’t neglect the ink though, its possible ink prices could soar as production slows so it could be a good idea to stock up on that too.

Lexmark shares have risen with the news that it will dump the Inkjet business.

Source

Ryan Martin

Disqus Comments Loading...

Recent Posts

Dehumidifier 2.2L, CAIKEZI Dehumidifiers for Home

Advanced Dehumidifier for home: Removes moisture quickly and quietly with advanced semiconductor technology. 2200ml water…

7 mins ago

Ninja Foodi MAX 15-in-1 SmartLid Multi Cooker

ENERGY-SAVING: Save up to 60% on your energy bill* (*testing and calculations based on recommended…

8 mins ago

ASUS 27″ ROG Swift PG27AQDM 2560×1440 OLED 240Hz 0.03ms FreeSync HDR Widescreen Gaming Monitor

ROG Swift OLED PG27AQDM gaming monitor - 27-inch (26.5-inch viewable) 1440p OLED panel, 240 Hz,…

15 mins ago

Lian Li PC-TU150WA Aluminium Mini-ITX Case 

Brushed aluminium case with steel frame Tinted, tempered glass side panel Ultra compact dimensions and…

18 mins ago

Ducky One 3 Pro Nazca Line 60% Cherry MX2A Brown Switch Mechanical Gaming Keyboard

Mini mechanical gaming keyboard with south-facing PCB Genuine Cherry MX2A switches Quack Mechanic design philosophy…

20 mins ago

Valkyrie Dragonfang 360 ARGB White All In One CPU Water Cooler

Unlock unstoppable cooling power with this premium All-In-One liquid cooling system for powerful yet silent…

21 mins ago