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HP Inc. is an American multinational information technology company headquartered in Palo Alto, California, United States. The company has subsidiaries based in countries across the world, with many of them being companies previously acquired by HP.
This move enabled HP to enter the plotter market, the precursor to its leading role in the printer business. [4] In 1989, HP purchased Apollo Computer for US$476 million, [5] [6] enabling HP to become the largest supplier of computer workstations. [5] In 1995, the company bought another computer manufacturer, Convex Computer, for $150 million. [7]
In fiscal year 2023, total revenue of US$54 billion included US$24.7 billion from the sale of notebook computers, US$10.9 billion from the sale of desktop computers, US$11.4 billion from the sale of printer supplies, US$4.2 billion from the sale of commercial printers, and US$2.4 billion from the sale of consumer printers.
The vast majority of laptops on the market are manufactured by a small handful of Taiwan-based original design manufacturers (ODM), although their production bases are located mostly in mainland China. Quanta Computer pioneered the contract manufacturing of laptops in 1988. By 1990, Taiwanese companies manufactured 11% of the world's laptops.
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Exited the computer business before being acquired by Ford Motor Company: Philips — Netherlands: 1953: 1991: Sold computer division to Digital Equipment Corporation [8] PolyMorphic Systems — United States: 1976: Unknown: Unknown: Poqet Computer Corporation — United States: 1989: 1992: Acquired by Fujitsu [9] Power Computing ...
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HP's stock dropped by about a further 40% after the company abruptly announced a number of decisions: to discontinue its webOS device business (mobile phones and tablet computers), the intent to sell its personal computer division (at the time HP was the largest personal computer manufacturer in the world), and to acquire British big data ...
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