Inkjet Printers Blamed For Lexmark Sales Drop

2012-08-02 09:23:46

Published on 2012-08-02 09:23:46

Ink cartridges provider Lexmark has cited inkjet printers as one of the reasons for its recent drop in sales.

Speaking to the Lexington Herald-Leader, the company's chief executive, Paul Rooke, said that the systems are "driving the big declines", rather than the smaller laser printers offered by the firm.

Mr Rooke also noted that he expects ink cartridges for older printers to remain available through stores.

"They're quite happy moving supplies, even without the hardware being there. It's a profitable business for them, and it brings customers into their store.

"And so that traffic obviously is important to the retailer, so we don't see a problem there," he explained to the news provider.

Lexmark admitted last week that its financial results for the second quarter of 2012 fell below the guidance it set for April.

It collected a GAAP revenue of $919 million (£585 million), while its non-GAAP revenue stood at $921 million, indicating a 12 per cent drop from last year.

Posted by Barry Ashmore.

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