Printer.com, the largest proprietary database of printer ink and toner prices, announced their price indices show most major manufacturers are increasing their retail pricing anywhere from 3% to 6%.
This affects not just one or two manufacturers, but appears to affect all manufacturers. As of September 2008, HP increased the list prices on all Mono and Color LaserJet Print Cartridges by 5%, as well as approximately 5-6% on Inkjet Cartridges. Lexmark and Xerox also raised their pricing on printer supplies in November 2008 with 5% across the board for Lexmark and 3% to 6% for Xerox. Brother, Canon and Oki soon followed suit.
Printer.com’s Director of U.S. Operations Bob Crum, says, “Expect the ink and toner cartridge price increases to remain until several months after the recession has been put to bed. No one likes increasing prices, but ink and toner are often very profitable revenue streams for printer manufacturers, and incremental price increases just make business sense for a lot of organizations looking to increase profit margins in tougher financial conditions.” (Source-PRWeb)
These increases were all enacted last year, before the severity of the economy was fully appreciated. Expect to see further cost increases this year from the major manufacturers as they attempt to keep their revenues consistent with past years.
Cartridge sales are keeping some of these companies solvent. They have to continue to raise prices to keep their profit margin consistent.