Kodak have today announced the end of their printer business as we know it, Kodak previously announced its intention to emerge as a company focused on commercial, packaging & functional printing solutions and enterprise services, as well as processes to sell its Personalized Imaging and Document Imaging businesses.”
In its statement the company continued to say the following:
“Consistent with that emergence strategy, Kodak has continued to manage its Consumer Inkjet business for profitability, and the company announced today that, starting in 2013, it will focus that business on the sale of ink to its installed base, and wind down sales of consumer inkjet printers.”
“Kodak remains committed to its significant installed base of consumer inkjet printer customers, who recognize the value proposition of affordable ink, high-quality output because of Kodak’s unique pigment-based inks, and advanced features including cloud printing. The company will provide its customers and retail partners the same level of service and support they have come to expect from Kodak” Kodak’s continued decline is one that is likely to be studied for a long time.”
The company which was once worth more than Apple, also filed for bankruptcy earlier this year, announcing earlier this month, Kodak will be cutting 1,000 jobs which adds to the 2,700 they already have.