HP Inc is paying $1.05bil in an agreed deal (Samsung shareholder agreement to be sought on November 1st) for Samsung’s printer business, commenting that the deal will position it to “disrupt and reinvent” the $55bn global copier industry.
Pelham Smithers is intrigued. The printer/copier market, among the most fragmented in the world, includes eight Japanese companies, and across the board this market enjoys earnings margins of an astonishing 10%+. Bearing in mind the carnage which took place in the global digital still camera (DSC) market, Pelham sees important potential implications for the industry from HP’s move, as explained in this concise commentary which positions the industry, and explains the main issues.
Founded in 2009, Pelham Smithers Associates (PSA) provides market intelligence on Asian technology, focusing in particular on Japan. The industries covered by our team of specialists are: consumer electronics, telecomms, pharmaceuticals, internet, electronic parts and materials, automotive technology, retail and capital goods.
PSA produces both company and sector reports. The focus of PSA’s research is to identify winners and losers as new technologies impact the top and bottom lines of corporations. Critical to our research is the clear explanation of how these new technologies work and how they impact companies and industries.
The founding partners have worked closely together for twenty years and the team has more than doubled in size since 2012.
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