Notebooks Drive Massive Growth at HPNovember 21st, 2007 - 2:15 am ICT by admin
Hewlett-Packard said its fourth quarter revenue rose by 15 percent from one year earlier to $28.3 billion, with each of HP’s sales regions racking up double-digit growth. “We continue to benefit from our broad geographic reach, with 67 percent of our revenue coming from outside of the U.S.,” said HP CFO Catherine Lesjak.
HP’s Personal Systems Group — which sells desktop PCs, notebooks, workstations, and handheld devices — saw revenues climb by 30 percent year-over-year to $10.1 billion. In particular, notebook sales rose by 57 percent to account for 50 percent of the Group’s sales as well as $5 billion of HP’s revenues across the board.
HP saw strong consumer desire for notebooks as well as steady demand in the whole consumer segment across all product lines globally, noted CEO Mark Hurd. “We continue to benefit as demand shifts toward mobility,” he said.
Above-Average Global Growth
HP retained the No. 1 position in the global PC market during the third quarter by generating growth that was well above the worldwide average, noted Mikako Kitagawa — principal analyst at Gartner’s Client Computing Markets Group. HP’s growth, year-over-year, was 34 percent, while worldwide growth was 17 percent, Kitagawa explained in an e-mail. “These figures are still preliminary, but I believe the final figures would not be that far from these,” she added.
In Europe, Africa, and the Middle East, HP grew its PC shipments by 36.4 percent overall, with notebook shipments in particular rising by more than 70 percent, said IDC. HP’s growing notebook business also captured 35 percent of the overall Latin America mobile PC market, reported Gartner research director Luis Anavitarte. “It is estimated that 53 percent of all HP PC sales were in the consumer segment, pointing to continuing explosive growth of the retail markets,” he wrote recently.
In the Asia-Pacific region, where notebooks sales…
- India's PC market grew 17 percent in Q2 of 2012 - Aug 28, 2012
- Inflation affected PC sales in Q1 of 2012 in India: Gartner - May 25, 2012
- HP to keep PC business - Oct 28, 2011
- Lenovo rolls out PCs with Windows 7 operating system - Oct 22, 2009
- India's PC market declines - Feb 15, 2012
- HP eyes 21.5 percent market share in consumer notebook segment - Jun 20, 2012
- HP to exit PC business - Aug 19, 2011
- Personal Computer sales grow 2.5 percent in April-June - Aug 17, 2011
- Personal computer market grows 26 percent - Feb 17, 2011
- India's computer sales up 33 percent in first quarter - May 23, 2010
- Mobile device sales in India to reach 231 mn - Nov 22, 2011
- HP Needs A CEO Who Has More Than Cost Saving Skills Now To Replace Mark Hurd - Aug 08, 2010
- IBM net income up 12 percent boosted by BRIC sales - Oct 19, 2010
- Computer sales in India up 24 percent in July-September quarter - Nov 26, 2009
- Euro debt crisis to hit global IT spending: Gartner - Jul 02, 2010
Tags: benefit, ceo mark, client computing, consumer desire, consumer segment, gartner, global pc market, hp, idc, kitagawa, mail, mark hurd, mobile pc market, notebook sales, notebooks, revenues, rose, s sales, shipments, worldwide average