Lexmark To Exit Inkjet Printer Market
Lexmark To Exit Inkjet Market By The End Of 2013
In an industry that is coming under increased competition and decreased sales, Lexmark has announced a shift in strategies and will no longer continue in the inkjet market. Lexmark will focus it’s attention on high volume business printing while abandoning the consumer market. Bad news for consumers but good news for stock holders with stocks climbing up 13.7% on the announcement.
What Does This Mean If You Have a Lexmark Inkjet Printer?
Lexmark has announced that all inkjet related production will cease by the end of 2013 and will no longer manufacture OEM ink cartridges. They will continue to provide service, support and aftermarket (Non-OEM) supplies. This means consumers will be forced to buy remanufactured cartridges or in some cases buy new printers.
Will I Have To Buy A New Printer?
Not right away since there are still OEM and aftermarket supplies available. Remanufactured cartridges are available for most models. These remanufactured cartridges are dependent on having empty cores/ cartridges and when these run out, so will aftermarket options. This won’t happen for a long times since estimates have current OEM availability at 3-6 months from the time manufacturing stops, aftermarket supplies will run out 3-6 months after that.
Lexmark has announced plans to sell it’s inkjet patents. When Lexmark sells it’s patents, the buyer will then be legally able to manufacture OEM quality cartridges. If and when this could possibly happen is unknown at this time.