target audience: TECH SUPPLIER Publication date: Aug 2024 - Document type: Market Perspective - Doc Document number: # US50780224
Hardcopy Vendor Financials, 1Q24: Yen Declines Sharply, Price Competition Increases
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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 other issues facing hardcopy vendors on performance and forecasts.
"The first quarter of 2024 served as a period of reflection for many print vendors, as a majority closed their fiscal years at the end of March. It was a challenging quarter, as economic and geopolitical turmoil continued to cause enterprises to exercise caution when considering print infrastructure spending. The weakening yen disguised poor performance across the industry and will continue to provide a strong tailwind for yen-denominated revenue growth in the second quarter of 2024. Underlying demand, however, is expected to remain soft into the second half of 2024." — Geoffrey Wilbur, research manager, Imaging, Printing, and Document Solutions at IDC