Lexmark has announced that it is leaving the inkjet printer business.
In a statement, Lexmark announced that it is "exiting the development and manufacturing of the company’s remaining inkjet hardware" to improve profitability. The company expects to save 95 million dollars annually by getting rid of the inkjet division.
Lexmark made clear that despite this, it will continue to provide service, support and after market supplies for its inkjet customers.
Development of the technology will stop by 2013 and Lexmark will close its manufacturing factory by 2015. It will, however, keep producing laser printers and focus more on its image software and document management services.
For more information on Lexmark, visit the Lexmark website