Rising Prices May Prompt Consumers to Cut Back on Printer Ink Costs

2010-06-07 09:08:33

Published on 2010-06-07 09:08:33

Both business and home users may soon have more reason than ever to save money on their printer ink costs as electronics manufacturers put up the price of printers.

Citing the declining strength of the euro in the global market, Siko Epson Corp has warned that price hikes could be on the way. Speaking to Bloomberg, the president of the Japanese printer and printer ink cartridge maker Minoru Usui explained that rivals could lead the way as they look to offset the erosion of their earnings caused by currency fluctuations.

"We may follow such a move to raise our prices, or we may seek to take a bigger market share without a price increase," he said. At the same time, Mr Usui stated that his company is on track to break even this year following two years of losses, thanks partly to strong sales of inkjet printers and other electronic devices.

By Johnny McMaster

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