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HP Inc (HPQ) Q2 2021 Earnings Call Transcript

HP CEO: Commercial PCs Rebounding With Very Strong Demand

Double-digit growth for hardcopy peripherals

May 21, 2021 The worldwide hardcopy peripherals market expanded for the third quarter in a row in the first quarter of 2021 (1Q21) with shipments growing 19,3% year over year to approximately 25,5-million units. Shipment value also increased during the quarter with year-over-year growth of 10.8% to $10.9 billion as more tenders and contract renewals took place in the office, according to new data from the International Data Corporation (IDC) Worldwide Quarterly Hardcopy Peripherals Tracker. Notable highlights from the quarter include: Year-over-year increases in unit shipments were observed in all nine regional markets with Asia/Pacific (excluding Japan and China) leading the way with 31% growth, followed by China (PRC) at 25,4% and Western Europe at 18,9%. Similar to last quarter, the common theme for 1Q21 was growth driven by increased demand for low-end devices.

How to Save Money With HP Instant Ink and Other Low-Cost Printer Ink Programs

Cost-Saving Ink Strategies One of the most common printer-related complaints is that ink is too expensive. You can pour a lot of money into replacing cartridges, which all-too-frequently have modest capacities and deplete quickly. Generally, the more expensive the printer, the lower its ink costs will be. Often, budget-price home inkjet printers and all-in-ones have the highest costs per printed page, bringing to mind the old strategy of giving away the razor to fleece you on the blades. The good news is that in recent years most of the major printer manufacturers have introduced inkjets with unheard-of low running costs, employing a variety of strategies to do so. HP sells ink on several subscription plans through its Instant Ink program, which can offer considerable savings on color costs. Other companies, including Brother, Epson, and Canon, offer similar (though non-subscription-based) cost-saving initiatives.

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