Hewlett-Packard’s not doing so well:
On Tuesday, H.P. showed how its printer business remained vulnerable to the recession when it reported third-quarter financial results. H.P.’s printing and imaging revenue fell 20 percent, to $5.7 billion, as sales of supplies tumbled 13 percent and sales of printers fell 23 percent.Says Mark V. Hurd, Hewlett-Packard’s chief executive, “People are printing just as much as they did last year.” Hurd blames lower sales of supplies on currency fluctuations, inventory adjustments, and consumer reluctance to stock up.
Stocking up, at least on ink-jet cartridges, is never a good idea — the carts dry out and become unusable. But it’s my printing (not buying) habits that make me doubt Hurd’s explanations. I suspect that many people are doing exactly as I am: printing less, not so much perhaps to save money as to not waste ink. I’m much more inclined now to tinker and tweak in pixels for a good long time before printing a draft to edit by hand.
The Times says that in response to lower sales, Hewlett-Packard “has been scrambling to raise prices.”
H.P. Tries to Keep the Ink Flowing (New York Times)