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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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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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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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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Have you thought about the future of the imaging industry?

Photizo has put forth a thesis on the future of the imaging industry based on certain mega trends. This is subset of what we are presenting to our Navigator clients over the past month or so. These will drive changes in print over the long-term (see Figure 1): Briefly, the three trends are: Infrastructure –…

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Xerox and RR Donnelley – A perfect Marriage?

According to various news organizations Xerox would merge some aspects of RR Donnelley (RRD) with its copier, printer and related services business with the balance being folded into Xerox’s business process outsourcing services. Xerox and RRD are printing industry behemoths. Both are well-established companies with market caps of $9.6 billion (B) and $3.9B respectively. Xerox…

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Brexit – Don’t do it or Stocks will…

“Go to all time highs” June was a month filled with several big surprises for the financial markets. The first surprise came on June 15th when the Federal Open Market Committee (FOMC) suddenly changed course and decided to hold short-term interest rates firm. In the weeks leading up to this decision, Chair Janet Yellen had indicated…

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What’s the Current Situation with OEM App Stores?

According to a recent report, it appears that Microsoft is building a business app store. Apparently the company put a test version of the store called “AppSource.” It intends to use this store “to help businesses find additional software that augments” its current software products like Power BI. Since this is a pretty big deal,…

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Canon Information & Imaging Solutions is Expanding

Canon’s imaging solutions group is 5 years old and growing In 2011 Canon announced Canon Information and Imaging Solutions (CIIS), a wholly owned subsidiary of Canon USA. Upon the launch, Photizo Group (PG) spoke with the small CIIS team to find that this endeavor was a risky move for Canon but needed to help usher…

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Will Your Next Printer be an Inkjet?

Several years ago, business inkjets were not the most popular device in an office. Managed print services for medium-to-large corporations all but did away with personal printers and most of them were business inkjets or small laser printers. But there has been a resurgence of inkjets. There are several reasons that business inkjets are appealing…

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Imaging Industry Financials Under Major Pressure

Photizo Group follows the earnings for selected OEMs (Xerox, Canon, Lexmark, Ricoh, Konica Minolta, and HP) and reports on the results on a quarterly basis. Every once in a while, Photizo develops a synopsis of these company earnings to learn about imaging industry trends related to company revenue and operating income by viewing year-to-year (YtY)…

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What’s Next on the Horizon with Landa?

At Drupa 2012, Mr. Benny Landa showed prototypes of nanography-based presses.   Now four years later, at Drupa 2016, the company actually demonstrated a number of pre-production cut-sheet and web presses. A brief history might be needed: Landa lead the development of the Indigo press. Fifteen years ago Hewlett Packard acquired the company. According to Landa,…

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Toshiba Pushes Digital Signage as a Channel Opportunity

Ideas and Initiatives Part of a Successful LEAD 2016 Conference  Photizo Group attended Toshiba’s annual partner and customer conference in Las Vegas on May 16-19. This year brought a change with America Business Solutions and Global Commerce Solutions combining the LEAD and Connect events to demonstrate the synergies available from the two Toshiba companies. Photizo…

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Mobile Print Comes of Age

HP Announces Software That Makes Mobile Device Printing More Productive HP, Inc. has made it easier to print using mobile devices and at the same time making it easier for IT to manage printing from mobile devices. With the increasing use of screen-based mobile devices, some users would think the need for hardcopy is shrinking.…

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HP, Inc. Had a Respectable Second Quarter Despite Declines

Aggressive action on Total Costs and Expenses saved the day (see Figures 1, 2 and 3) HP, Inc. revenue of $11.6 billion (B) declined 11% Y/Y, 5% in constant currency (CC) Printing revenues declined to $4.6B (16% Y/Y, 10% Y/Y CC) Printing supplies revenue comprised 67% of Printing segment Supplies declined 16% YTY to $3.1B (flat…

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Dell Unveils Its Latest Reliable Smart Printers

One new color and two new monochrome single function models  Today, May 24th, Dell announced three new devices for its line of Smart printers for medium-to-large organizations. These three printers provide organizations with alternatives to replace legacy imaging devices with printers that meet and in some cases, exceed the needs of its customers. All three…

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Konica Minolta Reports Q4 Revenue Decrease, FY15 Revenue Growth

Yen appreciation and price competition make for a difficult Q4   Konica Minolta, Inc. (KMI) reported 4Q15 and FY15 results on Thursday, May 12, 2016 (see Figures 1, 2, and 3 below). Q4 Sales of ¥269.4 billion (B), declined 2 percent (YTY) Q4 Operating Profit of ¥5B, declined 1 percent (YTY) 2015 Fiscal Year Revenue…

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“The Password is the Root of all Evil”

So, states Jonathan Klein, past president of Virginia-based enterprise software company, Microstrategy. Time and time again, we are reminded that approximately $250 billion is lost to fraud each year, as well as, another $100B lost to cybercrime. We’ve all heard about Target, Anthem, Sony Pictures, Home Depot, Michael’s Stores, T-Mobile, and other breaches and data…

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Ricoh Reports Q4 Revenue, Op Income Decrease, FY15 Revenue Growth

Ricoh Company, Ltd. reported its 4Q15 and Fiscal Year 2015 results on Thursday, April 28, 2016 (please see Figures 1, 2, and 3 below). Q4 Sales of ¥565.2 billion (B), declined 2.5 percent (YTY)* Q4 Operating Profit of ¥16.8B, declined 43 percent (YTY) 2015 Fiscal Year Sales of ¥2,209.0 billion, increased 7 percent 2015 Operating…

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Canon Operating Profit Drops 39 Percent

Blames Weak Printer and Camera Sales Canon, Inc. announced its first quarter 2016 results on April 26, 2016 (see Figure 1, Figure 2 and Figure 3 below). Canon total Q1 sales of  ¥2 billion ($7.05 B), down 7 percent year-to-year (YTY) Office Business Unit Q1 Sales of ¥3B ($4.02B), down 14 percent Gross Profit ratio…

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Job Creation Minimal but Future Looks Brighter

The printing and imaging space has had its share of job cuts this year. Xerox has reported 1,205 positions being cut so far, HP plans on accelerating its 3,000 job cuts by the end of this year, and Kodak plans to cut 250 jobs in Harrow, UK. So, it was with much acclaim that Xerox…

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Y Soft: A Company Worth Watching

In late March, Y Soft launched a new iteration of its popular print management solution, the YSoft SafeQ platform. In this latest launch, the new platform has broadened its focus in order to facilitate management of beyond print alone, stepping into capture and 3D print management (the first solution we know of that can manage…

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Lexmark Partners’ Perception About ReadSoft

Earlier this year, Lexmark (owner of ReadSoft) announced the release of ReadSoft Online R8. R8 is a cloud-based invoice processing solution focused on small and medium businesses. Photizo Group was interested in how channel partners were fairing under new management.

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Photizo Group Unboxes the HP PageWide Pro 577dw MFP

Photizo Group will be publishing a deep dive report in the near future on the new HP PageWide Pro 577dw MFP. HP announced a massive 2016 Spring Launch that included 10 printing devices in its OfficeJet Pro and LaserJet series plus and additional 14 PageWide devices for a total of 24 printing devices. HP also…

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Why Does Foxconn Really Want Sharp?

Financially-challenged manufacturer, Sharp, and Foxconn Technology Group (FTG) have officially approved a landmark plan to purchase two-thirds of Sharp’s stocks for $3.5 billion (USD). After struggling for years, Sharp has finally agreed to accept the reduced offer for FTG. Most analysts seem myopically focused on Sharp’s relationship with Apple and their iPhones. I wonder if…

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Is the Imaging Industry at Risk of Being Uberized?

Many pundits have been throwing around a lot of fear, uncertainty, and doubt about how every company in every industry is at risk of falling prey to its own respective ‘Uber’. We’ve all heard the stories about how disruptive business models, like Uber’s and Airbnb’s, have upended extremely mature industries, such as taxi and hospitality. It…

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From Feeds-and-Speeds to Xerox-as-a-Platform

“We no longer measure our achievements in pages per minute or dots per inch,” said Jim Rise, Senior Vice President, Office and Solutions Business Group at Xerox. What was different about Xerox’s new product announcement surrounding the company’s new i-Series MFPs and ConnectKey platform?

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HP and a Customer Rant

HP has also been called out in an article for a “flaw” in its Instant Ink system. Customers have found that after they sign up for Instant Ink that HP will remotely disable their printer when their “credit card has expired”. The printer will refuse to print and display an error message saying, “Cannot print. Visit…

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Only 9 Percent of Customers Seeing Workflow Benefit

Only 9 percent of MPS customers we spoke with are seeing benefit in workflow improvement, despite the fact that an overwhelming majority have deployed MPS. Customers are speaking, but are vendors listening?

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Implications of the Xerox Split (Part 1 of 2)

On January 29, 2016 Xerox announced its intentions to cleave its operations in two—less than 6 short years after acquiring ACS. One business will be focused on business process outsourcing (BPO); the other business will be focused around its document technology (DT) business. Read part 1 of 2 in this series to explore what this means for Xerox and the broader print and imaging industry.

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