The Tablet Effect

From the WSJ’s liveblog transcript of HP’s conference call today:

“The tablet effect is real, and sales of the TouchPad are not meeting our expectations,” Apotheker says, explaining the movement of consumers from PCs to tablets as one of the problems with the PC division. So H-P is exploring options for its unit that “may include separation through spinoff or other transactions.”

Translation: “We’re getting out of the PC business because of the iPad.”

★ Thursday, 18 August 2011