Hardcopy Vendor Financials, 1Q24: Yen Declines Sharply, Price Competition Increases

Description

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

Product Code: US50780224

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