HP Inc.

HP Inc.
Public
Traded as
Industry Information technology
Predecessor Hewlett-Packard
Founded January 1, 1939 (1939-01-01) (as Hewlett-Packard)
November 1, 2015 (2015-11-01)[1](as HP Inc.)
Founder
[1]
Headquarters Palo Alto, California, United States
Area served
 Worldwide
Key people
Products
Revenue Increase US$52.056 billion (2017)
Decrease US$3.276 billion (2017)
Increase US$2.526 billion (2017)
Total assets Increase US$32.913 billion (2017)
Total equity Increase -US$3.408 billion (2017)
Number of employees
 55,000 (2018)
Website www.hp.com

Coordinates: 37°24′40″N 122°08′52″W / 37.4111842°N 122.1476929°W / 37.4111842; -122.1476929

HP Inc. (also known as HP and stylized as hp) is an American technology company which develops personal computers (PCs), printers and related supplies, as well as 3D Printing solutions.

It was formed on November 1, 2015, renamed from the personal computer and printer divisions of the original Hewlett-Packard Company, with its enterprise products and services businesses becoming Hewlett Packard Enterprise. The split was structured so that Hewlett-Packard changed its name to HP Inc. and spun off Hewlett Packard Enterprise as a new publicly traded company. HP Inc. retains Hewlett-Packard's pre-2015 stock price history and its former stock ticker symbol, HPQ, while Hewlett Packard Enterprise trades under its own symbol, HPE.[2][3]

Current operations

HP develops personal computers (PCs), printers and related supplies, as well as 3D Printing solutions.[3][1]

In 2016, total revenue of US$48.238 billion included US$16.982 billion from the sale of notebook computers, US$9.956 billion from the sale of desktop computers, US$11.875 billion from the sale of printer supplies, US$5.131 billion from the sale of commercial printers, and US$1.254 billion from the sale of consumer printers.[1]

Approximately 63% of revenue in 2016 came from outside of the United States.

In 2016, HP announced a focus on consumers who upgrade their computers frequently and spend more money on games and released the Omen brand of laptops and desktops.[4] HP released the gamer-centric Omen line of laptops and desktops targeted at mid-range consumers.[4]

In November 2017, HP acquired Samsung Electronics' printer division.[5]

See also

References

  1. 1 2 3 4 HP Inc 2016 Form 10-K Annual Report
  2. ↑ See company history section of HP Inc.'s information page at the NYSE Web site
  3. 1 2 Darrow, Barb (30 October 2015). "Bye-bye HP, it's the end of an era". Fortune Magazine.
  4. 1 2 Howley, Daniel (May 26, 2016). "HP debuts gaming PCs, hopes to turn fortunes around". Yahoo Tech. Retrieved May 30, 2016.
  5. ↑ Choudhury, Saheli Roy (2017-11-01). "HP now owns Samsung's printer business for $1.05 billion". CNBC. Retrieved 2017-12-27.

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