target audience: TECH SUPPLIER Publication date: May 2024 - Document type: Market Perspective - Doc Document number: # US50780124
Hardcopy Vendor Financials, 4Q23: Declining Yen Disguises Weak Quarter
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Abstract
This IDC Market Perspective contains excerpts from public financial disclosures by leading hardcopy vendors and details the impact of inflation, economic uncertainty, and supply chain issues on performance and forecasts.
"The fourth quarter of 2023 was another challenging quarter for print vendors, as businesses and consumers continued to exercise caution when considering print infrastructure spending during this period of economic and geopolitical uncertainty. The weakening yen disguised a relatively poor fourth quarter, and it will provide an even stronger tailwind for the first quarter of 2024, but underlying demand is expected to remain soft into the second half of 2024." — Geoffrey Wilbur, research manager, Imaging, Printing, and Document Solutions at IDC