HP CEO explains why the company is bricking third-party ink printers

Printer owners have several options when it comes to supplying their printers with ink. The two main choices are to buy first-party or third-party printer ink. The former is official, the latter less expensive. Both options work well, provided that manufacturers do not manipulate printers to block support for third-party ink cartridges. Printer manufacturers like HP have a vested interest that customers purchase first-party printer ink or, even better, subscribe to printing plans. HP CEO Enrique Lores confirmed to CNBC Television that HP loses money with each printer sold and that the company makes money with printer ink sales and… [Continue Reading]