HP Inc.

This article is about the 2015 successor of Hewlett-Packard. For the predecessor company, see Hewlett-Packard. For other uses of HP, see HP.
HP Inc.
Public
Traded as
Industry Information technology
Predecessor Hewlett-Packard
Founded November 1, 2015 (2015-11-01)
Headquarters Palo Alto, California, United States
Area served
 Worldwide
Key people
Revenue US$ 57.3 Billion
Number of employees
 50,000 (2014)
Website www.hp.com

HP Inc. (also known simply as HP and stylized as hp) is an American technology company, created on November 1, 2015 as one of two successors of Hewlett-Packard, the other being Hewlett Packard Enterprise.[1] HP develops and provides hardware, such as personal computers and printers.[1] It is the legal successor of the old Hewlett-Packard. 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 stock price history, as well as its NYSE ticker symbol of HPQ (whereas Hewlett Packard Enterprise uses a new ticker, HPE).[2] HP is now focusing on consumers who improve their computers frequently and spend more money on games.[3] They released the gamer-centric Omen line of laptops and desktops targeted at mid-range consumers with an Omen X line to debut later in 2016.[3]

HP Inc. is the larger successor of Hewlett-Packard in terms of revenue. It recorded US$57.3 billion in revenue in 2014, compared with Hewlett Packard Enterprise's US$53 billion. 50,000 employees will work at HP Inc., and Dion Weisler has been announced as CEO of the new company created as a result of the Hewlett-Packard Co. separation.[4]

See also

References

  1. 1 2 Darrow, Barb (30 October 2015). "Bye-bye HP, it's the end of an era". Fortune. Retrieved 1 November 2015.
  2. ↑ See company history section of HP Inc.'s information page at the NYSE Web site
  3. 1 2 Howley, Daniel (May 26, 2016). "HP debuts gaming PCs, hopes to turn fortunes around". Yahoo Tech. Retrieved May 30, 2016.
  4. ↑ "Hewlett-Packard details how it's going to split into two companies". Fortune. 2015-07-01. Retrieved 2015-11-02.
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