HP sales rose after a prolonged slump

HP Inc. reported a 4% increase in revenue in the quarter that ended Jan. 31, with notebook PCs jumping 16% and its line of gaming products OMEN gaining traction. HP is widely known for producing high-quality PCs and printing materials, both of which dominate HP’s revenue and profit for the last quarter. Its PCs shipment grew 6.6% compared to a year earlier whereas that of other suppliers fell 1.5%.

The company stock rose 50 bps after the earning reports were released Wednesday. Facing declining demands for desktop computers, notebooks, the company is targeting to spur growth in the high-end corporate notebooks. In the printing business, even though HP is struggling to compete with other producers of less-expensive ink and toners, its new printer called the Sprocket, a palm-sized product that is designed to pair with smartphone was reported to sold well over the holidays.

Furthermore, with the gaming industry generated a total of $99.6B in 2016, up 8.5% compared to 2015, HP’s earnings and growth prospective for 2017 seems promising as the company is expanding further its lines of gaming system.

WSJ

Advertisements
This entry was posted in Uncategorized and tagged , , . Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s