HP is keeping a firm grip on channel inventory levels as it continues to react to coronavirus-sparked changes in the printing world.
Commercial print has been one of the victims of the pandemic, with offices shuttered and resellers unable to sell consumables or encourage hardware upgrades. The consumer market has been different, and shown growth with the shift to home working, but for the enterprise sector the past few months have been difficult.
The impact of Covid-19 can be seen in HP’s Q3 numbers with the supplier’s printing net revenues down by 20% year-on-year, and commercial hardware units down by 32%. But the figures also showed how the supplier was able to manage the shift in buying patterns to come out with a better-than-expected position in the print business, with consumer unit sales improving by 3%. read the rest here