Business Intelligence Digest – August 2016

Download the Business Intelligence Digest – AUGUST 2016 Enjoy all the articles that we published in August … in one convenient PDF document.

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Is Counterfeiting Wrong?

Counterfeit ink and toner cartridges are big business. The Imaging Supplies Coalition estimates the impact for the imaging supplies industry to be over $3 billion annually. The main problem in coming up with a good estimate is detection. A good estimate is around 5 percent of the ink and toner cartridge revenue of a company. For…

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Billing Companies Seeing Growth

Fiserv, a financial tech player, released a survey whose results are not necessarily good news for printing and imaging companies. The survey had several interesting facts: Those in the survey run the scale from financial services to utilities to insurance firms, Of the 130 firms in the survey, more than half offer mobile bill payments,…

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Headline Rollup for August 30, 2016

HP Positions Itself to Reap the Benefits of 3D Printing Market With a focus to reinvent the printing experience for what it calls the “mobile and socially connected” consumer, Hewlett-Packard (HPQ) unveiled the world’s smallest all-in-one inkjet printer in fiscal 3Q16. In May 2016, HPQ also announced the world’s first production-ready 3D printer. EFI to…

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Is IoT a concern to you?

According to a research report by a U.K. company called Zyme, the Internet of Things (IoT) could have a major impact on the ability to gain insights about customers. The report discussed key issues of collecting data, maintaining the security of data, the volume of data collected, and how best to interpret the data. Each…

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Headline Rollup for August 25, 2016

Lexmark Updates Invoice Capture Service and Automation Features for Microsoft Dynamics NAV Users Highly Successful AP Automation SaaS Solution updated to include Line Item Functionality; New Partner Referral Program Added Samsung Channel Chief Forecasts Tremendous Growth For Connected Devices In B2B Markets Mobility giant Samsung predicts the B2B connected device market will grow by 3X…

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HP, Inc. Slows the Bleeding, Beats Estimates

Supplies Revenue Expected to Stabilize by End of 2017    HP, Inc. revenue of $11.9 billion (B) declined 4% Y/Y, 1% in constant currency (CC) Printing revenues declined to $4.4 B (14% Y/Y, 10% Y/Y CC) Printing supplies revenue comprised 64% of Printing segment Supplies declined 18% YTY to $2.8B (18% Y/Y) Printing hardware units…

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Paper Industry versus Government

Recently an article on WSJ.com reported that American mutual funds estimated their spend at $300 million yearly, destroying 2 million trees and sending out 440 million reports, which many recipients toss out. Regulators proposed the obvious, that certain records be available electronically. Despite the fact that this was the logical solution, notably the American Forest…

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Headline Rollup for August 23, 2016

Xerox PHL Plans to Hire 10% More Workers This Year XEROX Philippines, a business-process services (BPS) company, sees bullish growth from the telecommunications and health-care sector this year,  aiming to expand its work force by a conservative 10 percent in 2016.  HP Inc. Looks to Prove it’s Not all About Growth Growth has always been golden in Silicon…

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Will the Lexmark Legacy be Around After the Merger?

Almost a year ago (October 23, 2015) Lexmark published a press release that announced its Board of Directors had authorized the “exploration of strategic alternatives to enhance shareholder value.” At the time it was reported, “There is no set timetable for the exploration of strategic alternatives.” By now most everyone in the printing and imaging…

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Headline Rollup for August 16, 2016

Canon Solutions America Examines Strategies to Safeguard Your Large Format Printing Environment MELVILLE, N.Y. – With recent high profile cyber-crimes in the retail, healthcare and telecommunications industries, now more than ever, it is the time to assess potential security risks, including your large format printer. Canon recognizes the serious financial and legal ramifications of print-related data breaches,…

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Is Anyone Concerned That Baby Boomers are Retiring?

Most analysts in the printing and imaging industry have written about megatrends – trends that will probably affect the future of printing. Some of these are geopolitical instability, accelerating rate of change, and the millennial effect. (The millennial effect relates to those born between 1985-2005 that print very little). However, what has not been discussed as…

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Headline Rollup for August 11, 2016

US Print Sales Staff Slammed Print sales staff in the US are under attack for their focus on smaller print buyers while they shy away from trying to sell to the bigger businesses. How Will the Internet of Things Finally Start Paying Off? The Internet of Things (IoT) shakes up the traditional rules of manufacturing…

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What’s the Difference Between Predictive Maintenance and Preventive Maintenance?

Some companies abide by the saying, “If it’s not broken, don’t fix it.” In some cases this will work to a company’s advantage because it may not have to pay for expensive emergency repairs. However, with the technology available today (Internet of Things (IoT)) the age-old question needs to be revisited – do the hours…

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What’s an MPS Dealer to do?

The Dealer Dilemma This flash report was written by Ed Crowley, Photizo Group CEO. It recounts his experiences speaking with dealers at dealer events, industry venues, and dealer roadshows over the past nine years. He reviews the evolution of the dealer channel regarding managed print services and shows the differences between the original MPS Customer…

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Headline Rollup for August 9, 2016

Ricoh announces new neon color toner and wide format GELJET printer Ricoh Malaysia today introduced two new printers at the 6th Print Technology 2016 expo at the Putra World Trade Center (PWTC). One is the latest four-color production press, thePro C7100, and the wide format multifunction printer, the MP CW2201SP. Epson: more than just printers It may come as…

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Ricoh has Another Rough Quarter for Revenue and Operating Profit

Ricoh Company, Ltd. reported its Q116 results on Friday, August 5, 2016 (please see Figures 1, 2, and 3 below). Q1 Sales of ¥487.7 billion (B), declined 2.5 percent (YTY) Q1 Operating Profit of ¥10.9B, declined 47 percent (YTY) Q1 Imaging & Solutions Sales of ¥430.5B, declined 11 percent Q1 Imaging & Solutions Operating Profit…

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Ron Iversen appointed VP Market Intelligence Business at Photizo

NEWS RELEASE   Media Contact: Terri Crowley VP of Event Management 1.859.846.9830 ext. 107 (office) Email: tcrowley@photizogroup.com   Ron Iversen appointed VP Market Intelligence Business at Photizo Group August 09, 2016 Lexington, KY – Photizo Group, Inc. (www.photizogroup.com) announced today that Ron Iversen has accepted the position of Vice President of Marketing Intelligence. Ron Iversen…

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Canon Delivers Announcements on the ‘New Way of Work’

On August 8, 2016 Canon USA provided a glimpse into the future of work by introducing four key announcements: imageRUNNER ADVANCE C5500 series & Color imageCLASS LBP712CDn uniFLOW Online Advance Cloud Portal V2 Canon Business Solutions Platform Each of these announcements reflect the ‘old way’ or ‘community-type model’ versus the ‘new way’ where the customer…

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Headline Rollup for August 4, 2016

Anywhere, anytime printing: uniFLOW Service Apple AirPrint® certification LONDON, 3 August 2016 – uniFLOW, the integrated print and scan management solution, has received certification by Apple for AirPrint, extending secure and advanced printing services for iPad®, iPhone® and Mac® users. Canon’s acquisitions bearing fruit TOKYO — Canon on Tuesday cut its group earnings forecast for the fiscal…

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FOREX Impact Hits Konica Minolta in Revenue and Operating Profit in First Quarter FY16

Konica Minolta, Inc. (KMI) reported Q116 financial results on Thursday, July 28, 2016 (see Figures 1, 2, and 3 below). Q1 Revenue of ¥229.1 billion (B), declined 7.8 percent (YTY) Q1 Operating Profit of ¥8.9B, declined 11.1 percent (YTY) Q1 Business Technologies Revenue of ¥3, decreased 8 percent Q1 Business Technologies Operating Profit of ¥13.1…

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Business Intelligence Digest – July 2016

Download the Business Intelligence Digest – July 2016! Enjoy all the articles that we published in July … in one convenient PDF document.

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Upcoming 2016 Imaging Supplies Coalition Conference

Al Westerfield, President of the Imaging Supplies Coalition, has invited those in the imaging industry to the ISC’s upcoming conference to be held September 18-20, 2016 in San Diego, CA. Photizo supports the ISC mission and would ask that you consider this important event this year. Below is the invitation and more information concerning the…

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Xerox Cuts Costs, Margins Improve for Q2

Revenue Continues to Drop Ahead of Split Xerox Corporation announced its second quarter 2016 earnings today, July 29, 2016 (see Figure 1, Figure 2, and Figure 3): Xerox total Q2 revenue of $4.39 billion (B), down 4 percent year-to-year (YTY) Services Q2 revenue of $2.5B, down 2 percent (1 percent constant currency (CC)), remained at…

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Headline Rollup for August 2, 2016

On the back of its strengths, printer giant keeps things humming Innovation is the driving force of an enterprise, which is unquestionably true for Minoru Usui, president and CEO of Japanese electronics company Seiko Epson Corporation, commonly known as Epson. Let your products do the talking: the rise of smart labels Smart labels tell a product’s origin story, right down to where it can be laid to rest responsibly. Software maps supply-chain journeys automatically, reducing the potential for counterfeit. Invisible, digital ink…

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Headline Rollup for July 28, 2016

Two Sides: The Majority of U.S. Consumers Value Paper and Disagree With Digital-Only Communications A new survey commissioned by Two Sides and conducted by Toluna Inc. reveals how U.S. consumers view corporate initiatives forcing people into digital-only communication by eliminating paper-based options. The survey also provides insight into consumer opinions on the environmental impacts of…

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Canon Q216 Earnings Results in Another Full-year Forecast Cut

Cuts Full-year Forecast for Second Time in 2016 Canon, Inc. announced its second quarter 2016 results on July 26, 2016 (see Figure 1, Figure 2, and Figure 3). Canon consolidated Q2 sales of ¥ 860.2 billion ($8.35B), down 12 percent year-to-year (YTY) Office Business Unit Q2 sales of ¥ 456.4B ($4.43B), a decline of 15…

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Are you a millennial or ?

According to a recent article on adults receiving paper statements vs. online statements, only 6 percent of millennials (ages 18-25) get their credit card bills and statements in paper form. Those that are not millennials say they like their paper statements for record keeping or a reminder that a bill has to be paid. The…

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Scanning or digitizing?

Canon USA has been using the marketing slogan “Business Problems. Solved.” for several years now, especially related to one of its ‘Business Solutions’ for document capture and distribution. Most OEMs including Brother, HP, Lexmark, and Xerox have focused on reducing costs and boosting productivity through solutions related digitization of paper. Canon USA has developed an…

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Headline Rollup for July 26, 2016

Lexmark shareholders approve merger agreement Lexmark International Inc. shareholders approved Friday the merger agreement under which Lexmark is being acquired by a consortium of investors led by Apex Technology Co. Ltd. and PAG Asia Capital. Lexmark debuts AccuRead Automate 2.0 for MFPs Lexmark has enhanced its AccuRead Automate application for multi-functional printers (MFPs) with the…

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