Channel Beat: HP Reports Disappointing Quarter

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Hewlett-Packard came up short in the last fiscal quarter of the year, reporting revenue dropping for both its enterprise computing and services businesses.

HP said its enterprise group business fell 4 percent from the same quarter last year, and enterprise services revenue was down 7 percent. The declining numbers follow HP’s announcement it will split into two separate companies.

Despite the poor performance, CEO Meg Whitman and partners remain bullish on HP in 2015.

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In other news, Samsung is reportedly considering firing Co-CEO and mobile head J.K. Shin from his role after a year of plummeting smartphone sales.

The Wall Street Journal reported the possible move, and Samsung did not offer a comment. Last week, the smartphone giant said it planned to discontinue up to one-third of its smartphone models. Samsung saw its lowest third-quarter profit in nearly three years last month, with a drop of almost 50 percent.

Samsung recently launched the Galaxy Note 4 and Note Edge smartphones, just ahead of Apple’s iPhone 6 and 6S.

And for the first time ever, the iPad market has declined. According to IDC, the iPad market has seen a year-over-year drop of 12.7 percent, as the entire tablet market slowed.

Apple experts said that iPad users have not yet needed to replace their tablets, and phablet phones like the iPhone 6 Plus are also taking space in the market.

Apple’s new iPad Air 2, which features the new Apple Pay platform and thinner casing, may boost sales as Apple Pay becomes a more prevalent platform. IDC researchers said they expect the focus of the tablet market to shift to larger screens and cellular-enabled tablets.

PUBLISHED NOV. 26, 2014