HP announces spin-off of PC business and abandons webOS hardware business

Source: Internet
Author: User
Keywords Hardware HP
At the same time give up the webOS hardware business, the future may completely withdraw from the personal consumer electronics market (reporter Lin Chiling) in the industry on Google's 12.5 billion dollar acquisition of Motorola Mobile talk about the entertainment, global PC boss Hewlett-Packard in yesterday's earnings meeting announced three important decisions: Peel PC business,  Shutting down webOS's hardware business, 10.2 billion of billions of dollars merged with Britain's second-largest software maker, automy.  Split PC business HP CEO Leo Apotheker said in a conference call yesterday that HP was considering splitting the PC business. HP is still the world's largest PC maker, with a market share of nearly 18%, but HP's PC business has fallen year-on-year for three consecutive quarters. The quarter fell 3% year-on-year. In the past four years, HP PC business in the Department of Personal Systems department performance has been basically stagnant.  The department's third-quarter revenue was 9.6 billion dollars, down 3% from a year earlier, with an operating profit margin of 5.9%, the lowest-rate department in HP. HP's net revenue in the third quarter of this year was $31.2 billion trillion, up 1% per cent.  In addition to HP's imaging and printing business down 1%, other business growth, including financial services growth of 22%, software business growth of 20%, Enterprise server, storage and network sector growth of 7%. As a result, Yi, secretary general of the Mobile Industry Information Union, said that, given the intense competition and the idea of shifting to high-margin business, HP is likely to follow IBM and sell it to the personal systems sector in the consumer electronics market.  The department's products include smartphones, tablets, webOS and PCs, with annual revenue of $41 billion, but only 13% of the profits.  To enter the mobile internet failure Apotheker revealed that he abandoned webOS because its operating losses were so severe that it amounted to $322 million trillion, or even more than $266 million trillion in revenue. At the end of April 2010, HP acquired Palm's webOS operating system with a 1.2 billion dollar takeover of smartphone maker Palm. This February, Hewlett-Packard Global vice president Phil McKinney in Shanghai, HP has moved webOS from smartphones to tablets and other markets, and plans to introduce desktop PCs. "HP will connect mobile devices (smartphones, tablets), PCs, printers and even servers to the core of webOS," says Phil McKinney.  But after six months, Hewlett-Packard suddenly decided to abandon webOS. It is reported that one months ago HP based on webOS Tablet PC touchpad listed sales, but the market feedback is poor.  Best Buy abandoned Touchpad sales because of stock backlog. Industry veteran Sun Yongjie said, "HP has given up webOS today, so it has failed to enter the mobile internet."  "There are a number of options for webOS in the future, including licensing and any other possibilities," says Apotheker.  Guess who might have a chance? HP's Personal Systems department has an annual revenue of 41 billion dollars, if soldWho will take this business? Yi speculated that "Lenovo and Samsung are the most likely." "Samsung has always wanted to make the notebook business strong, but has not yet entered the global top five." In addition, Samsung recently in smartphones, tablets, as well as smart television, its performance is commendable. Samsung's inclusion of webOS in the bag will increase its software strength. Yi said, "and Samsung has capital strength, Samsung's first quarter operating profit of 2.918 billion U.S. dollars, the actual income of 35 billion U.S. dollars." "Lenovo is also a big possibility." From the acquisition of IBM PC, Lenovo this year to buy Japanese NEC and Germany's medion.  Lenovo's CEO, Yang, said at the earnings reading yesterday that Lenovo was still considering a possible takeover. Lenovo Group's annual sales in 2010 were 21.6 billion U.S. dollars, with a net profit of $270 million. However, Lenovo disclosed in its quarterly report this week that its cash flow was only $ more than 2 billion trillion. "It is not impossible for Lenovo to use capital if it really decides on mergers and acquisitions," he said.  "Yi said. The feedback from Lenovo yesterday was that "there is no relevant information to disclose." "(Lin Chiling)
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