HP to exit smartphone, tablet and computer markets
Due to poor sales of it’s products and a tough competition in the market from Apple, Google and Samsung, HP thought of the shocking move.
‘Our TouchPad has not been gaining enough traction in the marketplace,’ said HP CEO Leo Apotheker in a conference call. ‘We have made the difficult but necessary decision to shut down the WebOS hardware operations.’
HP is preferring to invest in more profitable areas so the biggest revenue generator but the least profitable PC division will also have to face a tough one soon. Although HP will continue to sell servers and other equipments to their business customers but this move would take HP out of the consumer markets.
Another alarming report by the retailer Best Buy stated that they are struggling to shift it’s stock of over 250,000 HP Touchpad tablets. So far they have shifted only 10 percent of that and asking HP to take the rest back.
In a desperate bid last year, HP snapped up a struggling wireless pioneer Palm for billions to regain the market share. But nothing came it’s way as since that attempt the market is abound with Android phones and iPhone is getting more popular with each passing day.
According to research firm IDC, Apple is on the top spot in the second quarter, while Samsung took second place in unit sales. Nokia came in third, while BlackBerry maker Research In Motion took fourth.
The rumors were all around earlier also but HP dismissed the reports of the possibility of this move six months ago and marked the reports as “Irresponsible Reporting”. But now HP has confirmed that it’s their time to bid adieu to smartphones, touchpad and computer markets.