Not Getting Easier for Xerox
We have written before about the difficulties Xerox faces as it attempts to turn itself around. Not surprisingly, its competitors appear unwilling to help.
Bloomberg.com Japan reports:
Canon Inc., the world’s biggest copier maker, said it will enter the market for commercial digital printers to compete against Xerox Corp.
Canon will this year start making the devices, which are used by printing companies, spokesman Hiroshi Yoshinaga said, responding to an earlier Nihon Keizai newspaper report. The printers can directly process data from personal computers without photo engraving.
In five years, the company aims for 20 percent of the global market, which is estimated at between 800 billion yen ($7 billion) and 1 trillion yen. Xerox, the biggest U.S. maker of copiers and printers, has 50 percent of the digital printer market, the Nihon Keizai said.
Disclosure: Author is long IShares MSCI Japan Index (EWJ) at time of publication.
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