Tuesday, May 12, 2015

Hewlett-Packard Lowers Notebook Estimates for 2014 (HPQ)

The Palo Alto-based computer manufacturer Hewlett-Packard (HPQ) announced on Monday that it expects to ship significantly fewer notebooks in the coming year.

According to an internal forecast, the company is expected to ship 21 million laptop units in 2014, which would mark a serious deterioration from 2012′s sales figure of 32 million units. Looking out even further, it was reported that HP’s 2015 sales figure could be as low as 19 million units; as far as the current year goes, most are predicting sales of fewer than 30 million units. The undeniable shift into the mobile space has resonated well for tablets, while taking a big bite out of HP’s “bread and butter” notebook division.

Hewlett-Packard shares traded sideways on Monday, gaining 0.38% on the day. The stock is up nearly 57% YTD.

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