Full-year 2010 consumer inkjet printer and ink revenue grew by 35 per cent, while traditional revenue for 2010 decreased 22 per cent from the prior year to US$1.76bn. Antonio Perez, CEO of Kodak says the growth will form the basis of Kodak’s digital future.

He continues, “During 2010, all of our digital businesses as a group delivered more than US$300m in earnings for the year. This was our best digital earnings performance ever, and in line with our segment earnings forecast for the year.”

Perez also admits that there were particular business challenges in 2010 such as a revenue decline due to the timing of intellectual property licensing revenues as well as industry-related pricing pressures in prepress solutions and digital capture and devices.

Kodak’s graphic communications group also took a hit with 2010 sales dropping US$2.68bn, a two per cent decline from the prior year. However the full-year loss from operations for the segment was US$29m, a US$13m improvement from the prior-year.

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