Epson High-Capacity Ink Tank Inkjet Printers Reach Cumulative Global Sales of 40 Million Units
- TOKYO, Japan, August 28, 2019 -
Seiko Epson Corporation (TSE: 6724, "Epson") announces that cumulative global sales of Epson's high-capacity ink tank inkjet printers have reached 40 million units.
Epson first launched high-capacity ink tank inkjet printers in October 2010, in Indonesia, and by FY2018 had expanded into some 150 countries and regions. By first establishing a presence in emerging markets and then making inroads into developed economies, Epson has seen its high-capacity ink tank models account for a growing percentage of the total inkjet market each year. As a result, Epson, which boasts strong brand recognition and an extensive product lineup, has continued to maintain the global top share* in the high-capacity ink tank printer market for nine consecutive years.
In FY2019, Epson will accelerate the transition from ink cartridge printers to high-capacity ink tank printers by continuing to highlight the latter's formidable advantage in terms of cost per print and environmental performance. The company will also speed up the replacement of laser printers by strengthening its lineup of blazingly fast and durable office inkjets that allow users in all segments to print freely without worrying about costs.
Through these efforts, Epson plans to sell 10.2 million high-capacity ink tank printers in FY2019 - an increase of 13% compared to the previous fiscal year. This is expected to account for about 64% of total inkjet printer sales in Epson.
* Top share in terms of the number of global high-capacity ink tank products sold from 2010 to 2018, per research by IDC (Source: IDC's Quarterly Hardcopy Peripherals Tracker 2019Q1)
Epson is a global technology leader dedicated to becoming indispensable to society by connecting people, things and information with its original efficient, compact and precision technologies. The company is focused on driving innovations and exceeding customer expectations in inkjet, visual communications, wearables and robotics. Epson is proud of its contributions to realizing a sustainable society and its ongoing efforts to realizing the United Nations' Sustainable Development Goals.
Led by the Japan-based Seiko Epson Corporation, the worldwide Epson Group generates annual sales of more than US$10 billion.