Remote work allowed HP Inc. to sell a record number of printers. In the spring of 2020, when a strict quarantine was introduced worldwide, experts in various fields predicted the decline of the printing business. Remote study and self-isolation work was supposed to break all records for the sale of PCs and laptops, but companies could not send their products due to the closure of borders and the broken chain of air traffic. For the first quarter of 2020, HP recorded a 13.8% drop in sales. The situation was worse only for Apple, whose sales fell by 21%. There were no special bets on printers, but they allowed to stabilize the situation with profits.
A new record for the last 5 years
HP Inc. managed to sell 12 million printers. The last time such volumes were recorded was until 2015 when the company carried out a structural separation. As Bloomberg explains, referring to the official manufacturer, a record number of sales were made by private buyers, not corporate, as originally assumed. In the third quarter, HP Inc. saw revenue increases in the following percentages:
- Private consumers increased revenue by 24%;
- Corporate customers reduced revenue by 12%.
In annual comparison, the profit of HP Inc. decreased by 1% to $ 15.3 billion. Such dynamics have been observed for about a year, so even a new record in the form of 12 million printers sold did not help much.
Is it worth buying HP Inc. printers.
Laser printers and MFPs of HP Inc. are distinguished by their availability and are represented by a large assortment in the Ukrainian market. Cartridge refilling HP and Canon with a guarantee of quality is carried out in our service center. That’s why HP print consumers don’t have to worry about service. Repairing HP printers is not a problem for our craftsmen. We eliminate any types of printing defects: double vision, gray background, strips, fadedness, the printer prints a black sheet, gives a blank page, smears text, etc. The average repair time is from 2 to 4 hours. If you need a serious repair, then taking into account the delivery of the necessary parts, the work lasts no more than three days.