Hardcopy Vendor Financials, 1Q24: Yen Declines Sharply, Price Competition Increases
This IDC Market Perspective contains excerpts from public financial disclosures by leading hardcopy vendors and details the impact of inflation, economic uncertainty, and other issues facing hardcopy vendors on performance and forecasts."The first quarter of 2024 served as a period of reflection for many print vendors, as a majority closed their fiscal years at the end of March. It was a challenging quarter, as economic and geopolitical turmoil continued to cause enterprises to exercise caution when considering print infrastructure spending. The weakening yen disguised poor performance across the industry and will continue to provide a strong tailwind for yen-denominated revenue growth in the second quarter of 2024. Underlying demand, however, is expected to remain soft into the second half of 2024." — Geoffrey Wilbur, research manager, Imaging, Printing, and Document Solutions at IDC
Please Note: Extended description available upon request.
Executive Snapshot
New Market Developments and Dynamics
Financials by Vendor
Brother
Highlights
Sales by Business Unit
Sales by Region
Key Takeaways and Outlook
Printing and Solutions Business Unit
Domino Business Unit
Supply Chain/Inventory Notes
Canon
Highlights
Sales by Business Unit
Sales by Region
Key Takeaways and Outlook
Printing Business Unit
Inventory Notes
Epson
Highlights
Sales by Business Unit
Key Takeaways and Outlook
Office and Home Printing Business Category
Commercial and Industrial Printing Business Category
Inventory Notes
HP Inc.
Highlights
Sales by Business Unit
Sales by Regions
Key Takeaways and Outlook
Inventory Notes
Konica Minolta
Highlights
Sales by Business Unit
Key Takeaways and Outlook
Digital Workplace Business Unit
Professional Print Business Unit
Inventory Notes
Kyocera
Highlights
Sales by Business Unit
Sales by Region
Key Takeaways and Outlook
Document Solutions Group
Inventory Notes
Ricoh
Highlights
Sales by Business Unit
Sales by Region
Key Takeaways and Outlook
Digital Services
Digital Products
Graphic Communications
Inventory Notes
Sharp
Highlights
Sales by Business Unit
Key Takeaways and Outlook
Smart Office Business Unit
Inventory Notes
Xerox
Highlights
Sales by Business Unit
Sales by Region
Key Takeaways and Outlook
Inventory Notes
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