HP Inc.

HP Inc.
Public company
Traded as
Industry Information technology
Predecessor Hewlett-Packard
Founded November 1, 2015 (2015-11-01)[1]
Founder William R. Hewlett and David Packard[1]
Headquarters Palo Alto, California, United States
Area served
 Worldwide
Key people
 Chip Bergh
(Chairman)
Dion Weisler
(President and CEO)
Products Personal computers
Printers
Revenue Decrease US$48.238 billion (2016)[1]
Decrease US$3.549 billion (2016)[1]
Decrease US$2.496 billion (2016)[1]
Total assets Decrease US$29.010 billion (2016)[1]
Total equity Decrease -US$3.889 billion (2016)[1]
Number of employees
 49,000 (2016)[1]
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 simply as HP and stylized as hp) is an American technology company. It was formed on November 1, 2015 out of 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) as well as printers and related supplies.[3][1]

In 2016, total revenue of US$48.238 billion included US$16.982 billion from the sale of desktop computers, US$9.956 billion from the sale of notebook 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]

See also

References

  1. 1 2 3 4 5 6 7 8 9 10 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.


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