IBM has unveiled a new version of its IBM Infoprint 4100 printer series that can print 330 pages a minute. The device is as long as a sport utility vehicle and half as wide, and pricing starts at about $500,000 while the top-of-the-line version will ship for $1 million.
"This 4100 series has been a very successful product," Cooper said in an interview. For customers such as banks, phone companies and government agencies that produce hundreds of millions of pages of documents per year, the printer "provides more throughput in less amount of time, and that means to them a lower cost of production."
The high-speed printer market has been growing at 4 percent a year and reached $6.1 billion in 2004, said Jim Hamilton of market researcher InfoTrends in Weymouth, Mass. It's expected to hit $7.4 billion by 2009, he said.