From a recent release, Xerox's business revenue somewhat fell by 9% in its first quarter. However, the company is said to expect a staggering revenue from its document technology business in its second quarter. Xerox Corporation fondly expects by the year 2017, to generate about 2/3 of its revenues from the company's services division.
If the demand for business printers and copiers continues to decline, it will greatly affect Xerox's revenues. For a fact, the company's printing business generated a revenue that is 8.7% less compared to its previous score. Behind all this circumstances, Xerox Corporation still has a good grip that the company will meet its full-year earnings. Xerox is renovating itself by partly keeping its printing business in the bench, and making a transition to switch its focus to wider services.
It can't be helped, Xerox is not the only printer manufacturer that has been affected by the market transition. Consumers are now accessing their files and documents through several options like cloud storage, even tablets and smartphones play a big role in these changes. That instead of having those files printed, customers are just keeping a soft copy in their tablets so they can view it anytime needed. Hence, the need for a printer equipment decreased in the recent years.
No wonder why some of the big names in the print industry are optimizing their products to better suit the demands of their customers. Epson for example, is switching to refillable ink reservoirs to provide cost-efficient printing solution, while other manufacturers end up selling their printing business. Maybe if these companies just lowered the price of their printer products such as laser toner cartridges, ink cartridges, and other supplies, they could have avoided such downfall.
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