Asia printer market grew 6.3% in Q1 2008

According to IDC’s Asia/Pacific Quarterly Hardcopy Peripherals (HCP) Tracker, the combined printer and MFP market grew 6.3% YTY to reach 6.5 mln units in Q1 2008. Prices of A4 monochrome and color laser MFPs hit new low at $160 and $250 respectively following aggressive trade-in and end-user promotions. The A3 laser MFP market grew 16.4% sequentially in conjunction with the fiscal year-end closing of most Japanese vendors.