Operating Margin PressureMargins face pressure from negative mix shift, op profit is declining & elevated leverage is limiting cap returns.
Pricing CompetitionPrint revenues were -5% Q/Q on seasonally softer supplies sales and total hardware units -9% Y/Y, with HPQ losing some share due to price competition from Japan peers.
Printing Market ChallengesThe printing market is expected to decline in low single digits, and headwinds remain, especially in the office segment.