Selling Ink To The Inkless World
Quentin Hardy for The New York Times takes a look at HP’s tough road ahead:
Printer cartridges were once responsible for over 90 percent of H.P.’s profits, but they face increasing competition from lower-price suppliers. Consumers are also using their printers less because many of the things they used to print routinely, like maps and boarding passes, are on smartphones.
90 percent?! Think about HP’s entire catalog of products and how insane that is. Suddenly, HP sounds like the Middle Eastern empire that is scrambling to figure out other businesses for when the oil is gone.
I’m also reminded of this.
