Just occasionally, a slightly mundane post on Twitter will end up striking an unexpected chord. Last week, Scott Irlbacher, a resident of Pittsburgh, in the US, aired his thoughts about computer printers. Within a few hours, it had racked up a quarter of a million likes.
“Quit sending millennials things to print at home,” he wrote. “We don't have a printer. [We’ve] been surviving on secretly using our work printers for years.”
Thousands of replies demonstrated how printers are no longer seen as a necessary evil; many are baffled by their existence, while others are celebrating their passing. “Anything I have to print can be emailed to my local copy shop,” read one reply. “They have it ready when I walk in the door. Cheaper than a home printer.”
There was also more evidence of a generational divide: "I told my boss once that the 30 and under crowd just doesn't have printers at home, and they didn't believe me!"
The swing towards digital, driven in part by the habits of the younger generation, is accelerating this year because of the effects of Covid-19. Market research firm IDC has predicted that the number of pages printed worldwide will fall by more than 13 per cent in 2020, saving the equivalent of seven football fields worth of paper every minute of every day.
Many things that were once printed for the sake of convenience can now be shared electronically
But in truth, global printer sales have been in decline for some time. “It's a real challenge for the industry, because even the older generation is printing less,” says Louella Fernandes at printer industry analysts Quocirca. “And now everyone’s becoming more accustomed to using digital tools, particularly as a result of the pandemic.”
An unscientific (but telling) poll of about 3,500 people I conducted on Twitter at the weekend illustrated our ambivalence towards the printer. About 30 per cent of respondents revealed that they don't own one, and of those who do, more than 60 per cent barely use it.
Many things that were once printed for the sake of convenience can now be shared electronically, and the ubiquity of smartphones, tablets and cloud storage is driving that change. Filing cabinets full of stored documents are an anachronism. Tickets and passes that used to be hurriedly printed before leaving the house have now migrated to digital wallets. The advent of e-signatures is bringing to an end the laborious practice of printing documents out, signing, scanning and sending them back.
“We did some research last month, asking people why their printing has declined, and companies allowing e-signatures were one of the top reasons,” says Fernandes. “And that included a lot of lawyers. Another study showed that just 36 per cent of office workers think print is still going to be important to their business in five years time.”
Outside of the workplace, few would mourn the death of the printer. While these machines incorporate some dizzyingly complex technology, they are probably the most loathed of computer peripherals, thanks to a combination of mechanical difficulties, wireless networking gremlins, ink that runs out at inopportune moments and the sheer cost of replacing said ink.
As the “razor blade” business model (sell printers cheap, price ink high) has fallen out of favour, firms have tried to bring consumers on board with a range of alternative options. Epson released a series of printers called EcoTank, with refillable ink tanks that last for months on end. Subscription models such as HP’s Instant Ink, where a monthly fee gets you new carts whenever you run out, have found some favour. But younger people are harder to tie into such contracts. And why would they bother, when cloud printing services – such as EFI’s PrintMe – are on hand to help whenever family, friends and workplaces cannot?
Surveys of younger generations have shown that their preference for digital over physical is by no means all-encompassing. A kind of “digital fatigue” has been suggested as a reason why they still value books over their digital counterparts. It’s even been suggested that millennials are the most likely age group to print out photos, releasing them from the digital realm and creating a physical memory. But these revelations don’t point to a reversal of the decline in printer ownership, and that has big implications for the companies who have made their names selling them.
“Some are managing to weather the storm by expanding into areas like digital workflow, and helping organisations improve their business processes,” says Fernandes. “But that’s not enough to compensate for the loss of pages. They’ll have to radically reinvent their business models.”
All around the world, old printers are covered in dust, ink levels are low and, as Irlbacher said in his tweet, “we haven't found the power cord from our last move”. The older generation may cling to paper for its comfort and familiarity, but as Fernandes notes, when today’s teenagers enter the workforce, they’ll bring skills that could finally fulfil the decades-long dream of the truly paperless office.
And they’re guaranteed to create a less paper-centric world.
COMPANY%20PROFILE
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MATCH INFO
Uefa Champions League semi-final, first leg
Bayern Munich v Real Madrid
When: April 25, 10.45pm kick-off (UAE)
Where: Allianz Arena, Munich
Live: BeIN Sports HD
Second leg: May 1, Santiago Bernabeu, Madrid
Expert input
If you had all the money in the world, what’s the one sneaker you would buy or create?
“There are a few shoes that have ‘grail’ status for me. But the one I have always wanted is the Nike x Patta x Parra Air Max 1 - Cherrywood. To get a pair in my size brand new is would cost me between Dh8,000 and Dh 10,000.” Jack Brett
“If I had all the money, I would approach Nike and ask them to do my own Air Force 1, that’s one of my dreams.” Yaseen Benchouche
“There’s nothing out there yet that I’d pay an insane amount for, but I’d love to create my own shoe with Tinker Hatfield and Jordan.” Joshua Cox
“I think I’d buy a defunct footwear brand; I’d like the challenge of reinterpreting a brand’s history and changing options.” Kris Balerite
“I’d stir up a creative collaboration with designers Martin Margiela of the mixed patchwork sneakers, and Yohji Yamamoto.” Hussain Moloobhoy
“If I had all the money in the world, I’d live somewhere where I’d never have to wear shoes again.” Raj Malhotra
Groom and Two Brides
Director: Elie Samaan
Starring: Abdullah Boushehri, Laila Abdallah, Lulwa Almulla
Rating: 3/5
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Electric scooters: some rules to remember
- Riders must be 14-years-old or over
- Wear a protective helmet
- Park the electric scooter in designated parking lots (if any)
- Do not leave electric scooter in locations that obstruct traffic or pedestrians
- Solo riders only, no passengers allowed
- Do not drive outside designated lanes
If you go
The flights
Etihad flies direct from Abu Dhabi to San Francisco from Dh5,760 return including taxes.
The car
Etihad Guest members get a 10 per cent worldwide discount when booking with Hertz, as well as earning miles on their rentals. A week's car hire costs from Dh1,500 including taxes.
The hotels
Along the route, Motel 6 (www.motel6.com) offers good value and comfort, with rooms from $55 (Dh202) per night including taxes. In Portland, the Jupiter Hotel (https://jupiterhotel.com/) has rooms from $165 (Dh606) per night including taxes. The Society Hotel https://thesocietyhotel.com/ has rooms from $130 (Dh478) per night including taxes.
More info
To keep up with constant developments in Portland, visit www.travelportland.com. Good guidebooks include the Lonely Planet guides to Northern California and Washington, Oregon & the Pacific Northwest.
The Perfect Couple
Starring: Nicole Kidman, Liev Schreiber, Jack Reynor
Creator: Jenna Lamia
Rating: 3/5
How to invest in gold
Investors can tap into the gold price by purchasing physical jewellery, coins and even gold bars, but these need to be stored safely and possibly insured.
A cheaper and more straightforward way to benefit from gold price growth is to buy an exchange-traded fund (ETF).
Most advisers suggest sticking to “physical” ETFs. These hold actual gold bullion, bars and coins in a vault on investors’ behalf. Others do not hold gold but use derivatives to track the price instead, adding an extra layer of risk. The two biggest physical gold ETFs are SPDR Gold Trust and iShares Gold Trust.
Another way to invest in gold’s success is to buy gold mining stocks, but Mr Gravier says this brings added risks and can be more volatile. “They have a serious downside potential should the price consolidate.”
Mr Kyprianou says gold and gold miners are two different asset classes. “One is a commodity and the other is a company stock, which means they behave differently.”
Mining companies are a business, susceptible to other market forces, such as worker availability, health and safety, strikes, debt levels, and so on. “These have nothing to do with gold at all. It means that some companies will survive, others won’t.”
By contrast, when gold is mined, it just sits in a vault. “It doesn’t even rust, which means it retains its value,” Mr Kyprianou says.
You may already have exposure to gold miners in your portfolio, say, through an international ETF or actively managed mutual fund.
You could spread this risk with an actively managed fund that invests in a spread of gold miners, with the best known being BlackRock Gold & General. It is up an incredible 55 per cent over the past year, and 240 per cent over five years. As always, past performance is no guide to the future.
Karwaan
Producer: Ronnie Screwvala
Director: Akarsh Khurana
Starring: Irrfan Khan, Dulquer Salmaan, Mithila Palkar
Rating: 4/5