Sales Of Printers Up During Third Quarter

2010-12-13 09:49:48

Published on 2010-12-13 09:49:48

Sales of printers have picked up, figures from the third fiscal quarter (Q3) have shown.

According to research firm IDC, over 31 million devices were sold during Q3 2010, the second consecutive period of double-digit annual growth, itp.net reported.

Compared to the same period last year, total market shipments increased by 13 per cent.

Sales of monochrome laser multifunction printers (MFPs) continue to outperform colour laser MFPs, at 38 per cent to 21 per cent respectively, the website reported IDC research as showing.

Central Eastern Europe, the Middle East and Africa are also becoming stronger markets, now accounting for 13 per cent of the global market.

"Early indications show that the market is rebounding after the decline seen in 2009 and 2008 as some degree of consumer confidence returns and businesses are now looking to invest in their printing and imaging," Phuong Hang, programme manager for IDC's worldwide quarterly hardcopy peripherals tracker, was quoted by the website as saying.

The report also showed that HP possesses the biggest worldwide market share, with 44 per cent, followed by Canon (17 per cent), then Epson (14 per cent).

Recently, Xerox announced it will respond to the increasing demand for toner cartridges by expanding its New York production plant at a cost of $25 million (£15 million).

Posted by Johnny McMaster

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