Question · Q1 2025
Jake from Wells Fargo asked for color on the competitive environment for print supplies in China and for more detail on the reported strength in consumer subscriptions.
Answer
CEO Enrique Lores reported no radical change in the supplies competitive landscape in China or globally, with the business performing well and gaining share. On subscriptions, he highlighted double-digit revenue growth, an increasing number of subscribers, and service expansions like the paper subscription surpassing one million subscribers and the addition of Big Tank printers to the 'all-in' program.
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