HP Deals With Fallout From PSG Uncertainty
Hewlett-Packard's waffling over selling or spinning off its PC business last year contributed to a 26 percent decline in PC market share last quarter. While HP still leads the global PC market, Dell is hot on its heels and Lenovo is coming on strong in the U.S. market.
While the U.S. and global PC markets are in decline, HP's precipitous drop stems from the uncertainty caused by ex-HP CEO Leo Apotheker's plan to explore getting out of the PC business, according to Gartner analyst Mikako Kitagawa, who described the move as "suicidal," according to USA Today.
Righting the ship and keeping HP on top of the heap will represent one of the biggest challenges HP CEO Meg Whitman faces in the coming year.
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