Canon experiences diminished Inkjet printer sales

VARINDIA- INDIA'S FRONTLINE IT MAGAZINE

Canon experiences diminished Inkjet printer sales

Canon is experiencing a fall in the sale of its inkjet printer in the domestic market, diminishing personal computer sales as well, but it is believed to reverse the trend from October through household sales. Canon is said to promote the sales of inkjet printers to household users through exclusive retail showroom 'Canon Image Square'.

Canon India President & Chief Executive, Kensaku Konishi shared, "With PC market saturating, the function of inkjets is also diminishing and so are their sales. Declining PC market is threatening this segment now, but using inkjet multifunction and new products we will try to increase sales again from the fourth quarter (beginning October). At the moment our market share of inkjet printer is around 15 percent. We will try to acquire 20 percent by end of this year. The domestic digital printing market is around Rs. 1,000 crore and growing at 25 pc annually. Our market share in laser printer segment is 30 percent and in copier machine we have 24 percent. We are expanding our market share especially for the copier machine to 25 percent and in laserjet printers we are trying to get 35 percent of the market share. It is eyeing revenue of Rs. 1,650 crore this year, as against last year's Rs. 1,260 crore."

He added further, "Copier machine sales will rise 30 percent from last year and laserjet printer around 6 per cent up, adding that copier machines and printers contributed to 60 percent of sales and the balance came from cameras. The sales are increasing 35 percent on year, and the company expects the trend to continue for another four-five years. Canon is also planning to have a bigger slice of the market in the laser printer and the copier machine segments this year."


For More Details See

www.varindia.com


Comments

Post a Comment

Popular posts from this blog

N Chandrasekaran appointed chairman of Tata Sons

Image
The board of directors of Tata Sons, at its meeting has unanimously appointed N Chandrasekaran as executive chairman, Tata Sons. N Chandrasekaran shall take charge from February 21, 2017. The board of Tata Sons said, “Chandrasekaran has demonstrated exemplary leadership as the chief executive officer and managing director, Tata Consultancy Services. We believe he will now inspire the entire Tata group to realise its potential acting as leaders in their respective businesses, always in keeping with our value system and ethics and adhering with the practices of the Tata group which have stood it in good stead.” Chandrasekaran was the chief executive officer and managing director of Tata Consultancy Services since 2009. A Tata lifer, he had joined the company in 1987 and was appointed as a director on the board of Tata Sons on October 25, 2016.
Read more

Visa buys NFT based CryptoPunk and paid $150,000 in Etherium

Image
Visa buys NFT based CryptoPunk and paid $150,000 in Etherium:  Leader in the digital payments   Visa   has purchased a digital CryptoPunk for $150,000, marking the company's first ever   NFT   purchase. The deal is clearly shows that, Visa is stepping into the world of NFTs with its purchase of   CryptoPunk 7610 .   Going forward, NFTs and Visa to align and integrate them in new brand strategy to gain a sizable market share. However, NFTs have often been compared to physical collectible items like rare trading cards and works of art.   The CryptoPunk 7610, which feBlatures a female punk with a mohawk and large green eyes. "We envision there could be a future where your crypto address becomes as important as your mailing address," Visa's Head of Crypto said.   An NFT - which stands for non-fungible token - is a unique digital asset designed to represent ownership of a virtual item. Unlike bitcoin and other cryptocurrencies, NFTs can’...
Read more

Prizm Payment Services changes its name to Hitachi Payment Services

Image
Hitachi Payment Services Pvt. Ltd has changed its corporate name from Prizm Payment Services Pvt. Ltd (“Prizm Payment Services”) to Hitachi Payment Services Pvt. Ltd (“Hitachi Payment Services”). “The new name reflects Hitachi’s commitment to business expansion in India, and to build a strong global financial payments offering leveraging the expertise of the Prizm Payment Services acquisition. Hitachi sees immediate potential to grow in the Asian subcontinent markets with the epicentre of growth being India, and migrate into other markets. Also, the name change will have no change on Prizm Payment Services’ operations,” said Loney Antony, Managing Director, Hitachi Payment Services. “Hitachi had acquired Prizm Payment Services with the aim of accelerating global development of IT services businesses targeting financial institutions, particularly in the fast-growing Asian region, and the company has been the gateway of entering into the services business in India for Hitachi. We ...
Read more