Printer Ink Sales Dip For HP
HP has seen a dip in sales of printer ink but expects business to pick up moving forwards.
Printer ink manufacturer HP has seen sales of toner and inkjet cartridges fall during the second quarter of the year.
According to the company's latest financial report, it suffered a 19 per cent drop in profit from April to the end of June as a result of dwindling demand for PCs and printer ink.
The US-based company reported earnings of $1.64 billion for the period, down from $2.03 billion at the same point last year.
Despite the noticeable decline, HP remained upbeat about the future, suggesting that business is beginning to stabilise across most of the sectors in which it is involved.
"We made positive gains in extending our market leadership in key segments and strengthening our competitive position," said Mar Hurd, chief executive of the world's largest PC manufacturer.
Recently, a review of the new Epson AcuLaser M8000N mono printer by trustedreviews.com indicated that the A3 device is capable of printing A4-sized pages more quickly than most dedicated A4 printers.