Canon Ascends as Market Leader Amidst Xerox's Downturn
May 15, 2024 | NECS
In the realm of office technology, the tides are swiftly changing. Xerox which was once a leader in the industry, now finds itself in turbulent waters, grappling with significant revenue declines and consequential layoffs. As the iconic company navigates stormy seas, a new hero emerges on the horizon: Canon, rising to claim the mantle of market leader with resounding success.
In what could be described as a "changing of the guard", Canon has overtaken Xerox to dominate the marketplace. While remaining respectful of Xerox's legacy, the reality cannot be denied: Canon has emerged as the new standard-bearer of excellence in office solutions.
The once-indomitable giant’s recent financial woes paint a stark picture of decline, with a reported revenue plummet in its fiscal 2024 first quarter.
Meanwhile, with a strategic approach and unwavering commitment to innovation, Canon has emerged stronger than ever. The latest testament to their triumph is attaining the coveted #1 market share position across all U.S. A3 MFP (multifunction printer) segments.
Canon's journey is an inspiration. Their success, unparalleled customer service, stability, and cutting-edge technology are reshaping the narrative.
As a proud, Elite Partner with Canon, NECS is excited to see what the future holds.
Interested in investing in a Canon copier? Contact NECS today and we'll help you get set up with the perfect device for your team's needs.