HP beats estimates but reports weak consumer PC sales. Leo
Apotheker, who took over as chief executive in October after
former boss Mark Hurd was fired in an ethics scandal, said, “The
steepness of our Q2 decline (in consumer PC sales) is greater than
He said HP saw uneven consumer performance across its product
categories during the quarter and continued softness in consumer
PCs across all geographies. That makes you wonder if strong sales
of iPads and other tablets are hurting HP. HP’s personal systems
group sales fell 5 percent, while consumer PC sales fell 23
The stock took a beating on this news.
As for where HP is headed with PCs, PCWorld reports:
Hewlett-Packard considered using Intel’s Thunderbolt interconnect
in new desktop PCs announced Monday, but is sticking with USB 3.0
because of wider support, a company official said.
“We did look at [Thunderbolt]. We’re still looking into it.
Haven’t found a value proposition yet,” said Xavier Lauwaert,
worldwide marketing manager for desktops at HP.
Which means they’re betting against Apple.
★ Tuesday, 17 May 2011