Wednesday, October 30, 2013

Hewlett-Packard: Is There Still Hope?

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It was no surprise when Hewlett-Packard (HPQ) – once a celebrated leader and trend-setter in the personal computing (PC) industry – was dropped from the Dow Jones Industrial Average (DJIA) along with two other companies on September 10, 2013. The relegation came following a prolonged deterioration in the company’s performance due to its inability to innovate and keep pace with the changing dynamics of the technology sector.

Industry trends:

The PC manufacturing industry has witnessed a steady decline in sales following the growing popularity of smartphones and tablets, and the industry is gradually shifting towards cloud computing. According to the International Data Corporation, PC shipments will decline 9.7% in this year, and the bulk of their lost market share has been taken up by smartphone shipments, which are expected to grow 40% YoY to an estimated one billion units in 2013.Read More : DELL, HPQ

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