HP has lately declared that it is not going to produce tablets or smartphones any more because of poor sales as well as low profit margin. HP is now going to fully concentrate on cloud-based solutions and business software and has recently acquired the U.S. software Company Autonomy for $ 10.3 billion.
HP tried really hard to get a part of the smartphones and tablets market by even acquiring of Palm and development of WebOS with their smartphones and tablets, and even few months back, HP was planning to input the WebOS feature even on their PCs. On the other hand, all these efforts were of no-good productivity for the firm, and as a result they have decided to close it for further production.
Various smartphone and tablet manufacturers like Apple and others are now counting one less rival after HP has withdrawn from the market. Therefore, the number of rivals drops down to four of them including RIM’s BlackBerry, Microsoft’s Windows 7 Phone, Google Android and Apple iOS. HP happened to be one of the primary hardware manufacturers; various others such as Asus and Acer are suffering a lot more under the ‘tablet effect’ as compared to HP, and it is truly anticipated that some of the great players would be throwing in the towel in the coming year.