A month to the day after Lexmark axed its inkjet printer business, Kodak is doing the same.
The company announced today that it will end sales of its consumer inkjet printers next year. But Kodak isn’t completely of the game: Owners of Kodak printers will still be able to buy ink for their devices, which Kodak plans to continue supporting.
As with most of Kodak’s moves lately, today’s announcement is all about money.
“Kodak expects that this decision will significantly improve cash flow in the U.S. beginning in the first half of 2013,” the company said.
The company is also attempting to sell off its trove of patents, which is valued at $2.6 billion. Last we checked that process wasn’t going so well, so Kodak is clearly searching for any way possible to raise money to cover its debts.
But if today’s news points to anything, it’s that inkjet printer isn’t the cash cow it used to be.
VentureBeatVentureBeat's mission is to be a digital town square for technical decision-makers to gain knowledge about transformative technology and transact. Our site delivers essential information on data technologies and strategies to guide you as you lead your organizations. We invite you to become a member of our community, to access:
- up-to-date information on the subjects of interest to you
- our newsletters
- gated thought-leader content and discounted access to our prized events, such as Transform 2021: Learn More
- networking features, and more