HP Inc. is an American technology company that was formed in November 2015, following the break-up of its predecessor, Hewlett-Packard Company. HP Inc.'s pedigree stretches back to 1935 when the parent company was founded in the garage of William Hewlett and David Packard. Initially producing a range of electronic test equipment, HP Co rose in the intervening years to become one of the leading manufacturers of personal computers worldwide and a global manufacturer of servers, storage devices, and networking equipment, as well as delivering a variety of IT services for both consumers and enterprises.
Financials of HP Inc.
With HP Co's closure, HP Inc. inherited the personal computer and printer departments while enterprise software, servers, and storage went to the newly formed Hewlett Packard Enterprise (HPE). Both companies continue to generate multi-billion-dollar revenues, with HP Inc. earning revenues of 63.5 billion U.S. dollars in 2021 and employing 51,000 people globally in the process. The company also remains largely profitable, posting net earnings of 6.5 billion U.S. dollars in 2021.
Operations of HP Inc.
The core of HP Inc.'s business remains personal systems and the company appears to have ridden the separation without too much disruption to its market position. HP Inc. remains one of the major players in the global PC market and its historical market share of around 15 to 25 percent continues into 2022. The company shipped 65.5 million PCs in 2021. In addition to its success in the PC segment, the company also maintains a healthy market share in sales of hardcopy peripherals.
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In the following 4 chapters, you will quickly find the 29 most important statistics relating to "HP Inc.".