Hewlett Packard Inc - Statistics & Facts

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. 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 52.06 billion U.S. dollars in 2017. The company employs close to 49 thousand people worldwide as of 2017. The company also remains largely profitable, posting net earnings of 2.5 billion U.S. dollars in 2017.

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 between 15 and 20 percent continues into 2017. The company shipped 55 million personal computers in 2017. In addition to its success in the PC segment, the company also maintains a healthy market share in sales of hardcopy peripherals. Both HP Inc and HPE will benefit from the continued strength of the Hewlett Packard brand, which ranks as one of the most valuable brands worldwide.

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