View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
October 1, 2012

Kodak to stop consumer inkjet printers sales in 2013

The company will lay off staff and write down the value of its consumer-printing assets

By CBR Staff Writer

Eastman Kodak is planning to stop selling consumer inkjet printers starting from next year which will cost the company $90m.

The company will lay off staff and write down the value of its consumer-printing assets.

Kodak is now concentrating on selling printing equipment and services to companies, which focuses around its Prosper Press digital printers.

The business is anticipated to bring in $2.5bn in revenue this year, down from $3bn in 2011.

In September this year, the company said it may abandon plans to sell its portfolio of digital imaging patents at an auction as part of its plan to raise money to climb out of bankruptcy.

In August this year, Eastmam Kodak planned to sell its camera-film business and focus to commercial printing as the company plans to scramble out of bankruptcy.

Eastman Kodak had agreed to sell its online photo services business to Shutterfly for $23.8m in March 2012.

Content from our partners
Powering AI’s potential: turning promise into reality
Unlocking growth through hybrid cloud: 5 key takeaways
How businesses can safeguard themselves on the cyber frontline

Kodak filed for Chapter 11 bankruptcy back in January, and needs to repay a $950m loan that it obtained to keep operating while in bankruptcy.

Similar to Kodak’s move in August 2012, Lexmark International said that it will stop inkjet printer business and lay off 13% of its workforce to improve its profitability, in face of sliding demand for its consumer-oriented inkjet printers.

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how Progressive Media Investments may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.