In the Latest Issue of The MFP Report
Covering Industry Developments in August 2021
- Headline News: "Spring Brings Recovery from 2020; Less So from 2019" - Every vendor reported double-digit increases in its hardcopy business in the spring, but the magnitude of the recovery in revenue varied a lot. The average year-over-year increase in revenue was just shy of 25% for the group. But the figures ranged from under 9% for Ninestar, to more than 43% for Kyocera. Revenue growth was also below the average for Fujifilm, Ricoh, Brother, and Xerox. Canon and HP were pretty much right at the average. And Epson and Konica Minolta achieved grow that was above the group average.
- The Editorial: "Pick Your Poison" - The options available to printer companies aren’t easy or inexpensive. They’re fraught with risk, and there’s little evidence that pursuing any particular strategy will quickly deliver meaningful financial or strategic results. And the risk of failure is pretty high. But unless a hardcopy vendor is already well-positioned outside of printing, the option of doing nothing simply isn’t viable.
- In Other News: "Kofax Tries to Catch Up in the Cloud with Printix Acquisition" - This is make-or-break time for Kofax when it comes to the company’s future in the MFP-centric print and capture solutions market. Buying Printix no doubt has not cost Kofax a whole lot, certainly not in comparison to the company’s estimated $500 million in sales. But Printix will not be worth even a small amount of money if Kofax is not able both to grow the company’s existing cloud printing solutions revenue, and leverage its core cloud print technology more broadly across its mainstay applications, vendor partners and channel sales relationships. ... "Brother & Canon Are Chasing HP with Supply Subscriptions" - While HP in July surpassed ten million customers for its decade-old Instant Ink subscription service, Brother and Canon in August took important but very early steps to begin rolling out their own competing programs in the US. Thanks to Instant Ink — and to much greater familiarity and comfort with all manner of subscription services these days — Brother and Canon may be able to ramp up their plans faster than they could have a few years ago.
- And Even More News - Pantum is still struggling to launch and sell new Elite reseller series. ... Toshiba is in talks with four PE firms. ... Funai shares its last earnings before going private. ... Canon releases latest PIXMA home AIO. ... Lenovo launches OEM'd Brother color MFP pair in China. ... Troll uses old Sharp patents to sue HP, Toshiba and three dealers. ... Ricoh wins against patent troll. ... Xerox faces new patent lawsuit. ... Samsung OEM's another HP Deskjet to sell in Korea. ... Canon brings short list of upgrades to color iR ADVANCE DX trio. ... Canon debuts entry-level A3 color MFP in Japan. ... PaperCut is tops in print management software. ... Konica Minolta postpones US dealer summit. ... Fujifilm MFPs leverage Salesforce. ... Toshiba push launches confusing Elevate Sky MFP cloud platform. ... Plus a lot more!