Hp Doubles Down On The Copier Business, Where Canon & Xerox Play

  • Print
  • 4toner4
  • 2toner1-2
  • clover-depot-intl-us-ca-email-signature-05-10-2017-902x1772
  • ces_web_banner_toner_news_902x1776
  • ncc-banner-902-x-177-june-2017
  • banner-01-26-17b
  • mse-big-banner-new-03-17-2016-416716a-tonernews-web-banner-mse-212
  • 05 02 2016 429716a-cig-clearchoice-banner-902x177
  • cartridgewebsite-com-big-banner-02-09-07-2016

Hp Doubles Down On The Copier Business, Where Canon & Xerox Play

 news 2016-09-12 at 11:51:30 am Views: 426
  • #46748

    Hp Doubles Down On The Copier Business, Where Canon & Xerox Play
    Company will introduce new copiers at conference in Boston
    HP seeks growth in $55 billion market where Canon, Xerox play.

    By Olga Kharif & Brian Womack.

    HP Inc. is doubling down on the copier market, according to two people familiar with the matter, as the company looks for new sources of revenue.

    At a partner conference in Boston Monday, HP plans to show off several new copiers for corporate customers in an bid to boost growth and expand into what it has said is a $55 billion business, the people said. The company currently has a small presence in the office copier market, which is dominated by the likes of Xerox Corp. and Canon Inc. A spokeswoman at HP declined to comment.

    HP, which split from Hewlett Packard Enterprise Co. last year, has a printer business that’s under pressure as consumers and businesses spend more time with digital mobile devices, reducing the need for paper documents. Still, gaining a larger slice of a waning paper-based market, through a more concerted push into copiers, could generate revenue growth if the company grabs enough share.

    HP is also looking beyond paper. The company, a leading seller of personal computers, said earlier this year it plans to introduce three-dimensional printers for manufacturers looking for more-efficient ways to make items.

    The company’s Global Partner Conference, taking place Sept. 12 to Sept. 14, attracts hundreds of re-sellers and will feature speakers including Microsoft Corp. Chief Executive Officer Satya Nadella.