HP Inc. (also known as HP and stylized as hp) is an American multinational information technology company headquartered in Palo Alto, California, United States. It develops personal computers (PCs), printers and related supplies, as well as 3D printing solutions.
HP headquarters in Palo Alto, California
|Industry||Computer hardware, printers|
|Founded||January 1, 1939 (as Hewlett-Packard)|
November 1, 2015(as HP Inc.)
|Total assets|| |
|Total equity|| |
Number of employees
|Subsidiaries||List of subsidiaries|
|Footnotes / references|
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.
HP is listed on the New York Stock Exchange and is a constituent of the S&P 500 Index. It is the world's largest personal computer vendor by unit sales, having regained its position in 2017 since it was overtaken by Lenovo in 2013. HP ranked No. 58 in the 2018 Fortune 500 list of the largest United States corporations by total revenue.
HP Inc. was formerly known as Hewlett-Packard. Hewlett-Packard was founded in 1939 by Bill Hewlett and David Packard, who both graduated with degrees in electrical engineering from Stanford University in 1935. The company started off in the HP Garage in Palo Alto, California. On November 1, 2015, Hewlett-Packard was renamed to HP Inc. and the company enterprise business were spun off and renamed to Hewlett Packard Enterprise.
As HP Inc.
In 2016, HP announced a focus on users who upgrade their computers frequently and spend more money on games. To reach this new audience, the company released the game-centric Omen brand of laptops and desktops targeted at mid-range customers.
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.
Approximately 63% of revenue in 2016 came from outside of the United States.
HP is organized into several groups:
- Laptops & 2-in-1s: All of HPs laptops and 2-in-1 PCs.
- Desktops: All of HPs desktops including their all-in-one computers
- Ink & toner
- HP Business Solutions
Desktops and laptops
- ProDesk: Affordable business desktops
- EliteDesk: High end business desktops
- Z workstation: Premium professional workstations
- ProBook: Affordable business laptops
- EliteBook: High end business laptops
- ZBook: Premium professional workstation laptops
HP Business Solutions
HP Business Solutions are HPs products and services that are oriented towards businesses. These include:
- HP Inc 2016 Form 10-K Annual Report
- "HP Inc. Announces Fourth Quarter and Fiscal Year 2018 Results" (PDF). sec.gov. U.S. Securities and Exchange Commission. February 4, 2019. Retrieved February 4, 2019.
- See company history section of HP Inc.'s information page at the NYSE Web site
- Darrow, Barb (October 30, 2015). "Bye-bye HP, it's the end of an era". Fortune Magazine.
- "Fortune 500 Companies 2018: Who Made the List". Fortune. Retrieved November 10, 2018.
- Howley, Daniel (May 26, 2016). "HP debuts gaming PCs, hopes to turn fortunes around". Yahoo Tech. Retrieved May 30, 2016.
- Choudhury, Saheli Roy (November 1, 2017). "HP completes purchase of Samsung printer business". www.cnbc.com. Retrieved December 22, 2018.
- "HP Inc. Reports Fiscal Year 2016 Results" (PDF). HP. Retrieved October 18, 2018.
- "Computer Tower Desktops". Retrieved December 22, 2018.
- "Laptop & Notebook Computers". Retrieved December 22, 2018.
- "Z by HP | HP® Official Site". www8.hp.com. Retrieved December 22, 2018.
- "View All Desktops". Retrieved December 22, 2018.
- "HP JetAdvantage solutions" (PDF). hp.com. Retrieved December 22, 2018.
- "HP SERVICES". hp.com. Retrieved December 22, 2018.
- "MPS Solutions: Managed Print & Document Manage | HP® Official Site". www8.hp.com. Retrieved December 22, 2018.