Tablets Eat Into Lexmark Printer Biz But Not That Badly
We currently estimate that global laser printer sales will increase from around 46 million units in 2010 to 72 million by the end of our forecast period. But if the trends towards reduced printer need take hold, and printer unit sales increase at a slower rate to 60 million units, it would imply 5% downside to our $47.40 price estimate for Lexmark.
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