Canon recently released its financial results for 2014. The printer manufacturer saw an increased demand for office multi-function laser printers in specific markets, while the demand for inkjet printers fell due to the slow growth of economies in Europe and Asia.
The Office Business Unit, which incorporates laser and multi-function devices (MFDs), saw a steady increase in sales mainly due to the higher demand for its new colour A4 imageRUNNER ADVANCE laser printers.
According to Canon, sales of their inkjet printers had increased from 2013, largely due to the introduction of new products in time for the holiday season.
However, sales volume had decreased in European and Asian markets while sales of consumables like Canon ink cartridges increased due to the “steady accumulation of printer units”.
Canon predicts that the future demand for office MFDs will “continue to expand moderately” while the demand for laser printers and inkjet printers will remain the same as in 2013 while various economies recover from their “extended period of stagnation”.