Late Stage Capitalism
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A long time ago I worked at one of the big office supply stores and this was "true" back then too. The caveat was that the ink that came in the printer was usually only half full. The printers themselves were sold at a loss and the companies made their money on selling the ink.
I thought that's always been the business model for inkjets since they were invented. Same as game consoles and Gillette razors. Vendor lockin is very lucrative since people are lazy and don't understand sunk cost.
We would do this because the ink usually dried out before we could use the all. First chance I could afford a laser printer, I jumped on it. Found one in a rummage sale for $10. Toner was $15 for third party, cheaper than ink.