Notebooks Drive Massive Growth at HP

November 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…

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