target audience: TECH SUPPLIER Publication date: Oct 2024 - Document type: Market Perspective - Doc Document number: # US51456424
Hardcopy Vendor Financials, 2Q24: Strong in Yen, Weak in Dollars
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Abstract
This IDC Market Perspective contains excerpts from public financial disclosures by leading hardcopy vendors and details the impact of inflation, economic uncertainty, and other issues facing hardcopy vendors on performance and forecasts.
"The second quarter of 2024 provided the illusion of prosperity, as a weakening yen gave the appearance of solid year-over-year growth. However, U.S. dollar-denominated growth was negative, as economic and geopolitical turmoil continued to cause enterprises to exercise caution when considering print infrastructure spending. The exchange rate tailwind is expected to subside in the second half of 2024, while underlying demand is likely to remain soft until strength returns to the global economy." — Geoffrey Wilbur, research manager, Imaging, Printing, and Document Solutions at IDC