HP in Drive because of Slowdown in PC and Computer Call For, Earnings Shed 29 %

HP, included in large computer devices companies, has suffered a setback in the personal computer market. In the first quarter of the current year, sales of the company’s Personal Systems Segment (Desktop and Notebook PC) have decreased by 29 percent. The company’s printing segment fell by about five percent.

Market Research firm IDC has reported that global PC shipments have declined by about 30 percent in the first quarter. There was a huge rise in demand for companies like HP, Lenovo and Dell during Corona. The major reason for this was to increase the sales of laptops and other electronic devices due to the staff of the staff of many companies being on the-form-home. In the last few months, the sale of laptops such as laptops has decreased by calling the workers of most companies back to office.

HP is expected to increase revenue in the second half of the current year. The company’s CEO, Enrique Lores told Reuters, “The second half will be better than the consumer demand.” The company’s revenue in the previous quarter stood at $ 12.91 billion. Analysts had estimated it to be more than $ 13 billion. However, the company increased to $ 1.1 billion. It was one billion dollars in the same period last year. PC’s global shipments declined to 5.69 crores in the first quarter of this year. It was 8.02 crore in the same period of the previous year. In the last quarter of the previous year, these shipments decreased by 28.1 percent on a year-on-year basis. Apple’s shipments in the first quarter decreased by about 40.5 percent of the highest.

The PC market in India last year increased by 0.3 percent. However, in the fourth quarter of the previous year, the market has fallen by 28.5 percent. The market includes desktops, notebooks and workstations. In the fourth quarter, the notebook category decreased by 37.8 percent, while the desktop shipments increased. HP ranks first in the PC market of the country. Its market share is more than 30 percent. Last year, the global market of personal computers decreased by 16 percent. Recession behind this, increase in energy costs and more interest rates were major reasons.