NInestar Reports Sharply Lower Profits for First Quarter
Net profit plummets, while revenue also down.
Net profit plummets, while revenue also down.
Company focusing on indirect sales, as well expanding into digital and IT services, and production print – as it reaffirms commitment to print with pending Lexmark acquisition.
Despite some big potential advantages for Xerox, there are some critical potential drawbacks to it acquiring Lexmark, including aggressive responses from competitors and erosion of the Lexmark brand identity.
Company cites large existing base of SMB clients for its IT services, which are expected to top over $700 billion in revenue this year.
Although many printer and copier/MFP companies have shifted production because of previous tariffs, many, such as Xerox and Lexmark would be particularly affected.
This week, the big news was tariffs – with the U.S. imposing 25 percent tariffs on Canada and Mexico on...
Lexmark International today announced new additions to two of its core print offerings: three new models for its 9-Series line…
This week was marked by one of the most cataclysmic events in tech history, the unveiling of China’s DeepSeek AI...
Last week, the U.S. Consumer Product Safety Commission (CPSC) issued a notice stating that…
The proposed Lexmark acquisition should help Xerox with A4 production expansion, stable product supply, and market expansion – in ways similar to how HP’s acquisition of Samsung’s printer business helped HP.
Xerox says merger offers many benefits – including a stable supply of printers and MFPs – while Lexmark will no longer be associated with Ninestar and allegations of slave labor.
Featured Posts / Lexmark / Xerox
by Kathleen Wirth · Published December 24, 2024 · Last modified December 25, 2024
Xerox shares surged yesterday, up almost seven percent, on news that the company will acquire Lexmark for $1.5 billion from......
by Kathleen Wirth · Published November 8, 2024 · Last modified November 9, 2024
For the printer/copier industry that’s just managed to shake off lingering high inflation rates that drove up costs for parts, supplies, and shipping, new tariffs could significantly drive up costs.
Ninestar Corporation of Zhuhai, China, recently reported results for its third quarter…
Canon / HP / Konica Minolta / Managed Print & Document Services / News
by Kathleen Wirth · Published October 22, 2024
Market-research firm Quocirca has named the leaders in Managed Print Services (MPS) with the publication of its report, “The Managed......
Not too long ago, traditional copier companies provided A4 printers and MFPs that were really just afterthoughts. These A4 models......
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