Reference no: EM133339232
Case Study: Bill Hewlett and Dave Packard, two Stanford University graduates who later created the Hewlett-Packard Company or HP, did so in 1939. HP was founded in a Palo Alto, California, garage and is now a leading worldwide technology firm with operations in more than 170 nations. Printing, personal computers, software, services, and IT infrastructure are all part of HP's product line. Through innovation, HP provides value to customers and increases shareholder value. In technology, HP has a long history of invention and leadership. With the release of the HP 9100A in 1968, HP became the first company to mass-produce personal computers. In 1972, HP also became the first to provide a PC with a colour display commercially. With ground-breaking products like the HP TouchPad, the first tablet running the webOS operating system, HP has continued to lead innovation in the PC market.
With the acquisition of Apollo Computer and the establishment of HP's Networking Business Unit in the 1980s, HP diversified beyond its core industries of personal computing and printing. After releasing the HP 9000 line of servers, HP joined the server business. Through acquisitions, HP grew further in the 1990s. One such acquisition was Tandem Computers, which elevated HP to the top of the high-end server market. Additionally, HP purchased the test and measurement business Tektronix, which aided HP in growing its market share in the engineering and scientific sectors.
HP made several wise purchases in the 2000s that aided its growth into new markets and product categories. In 2002, HP purchased Compaq, a renowned maker of servers and desktop computers. HP purchased EDS, a renowned supplier of IT services, in 2007. Moreover, HP bought 3Com, a renowned supplier of networking technologies, in 2010. With operations in more than 170 nations, HP is currently a global leader in technology. Printing, personal computers, software, services, and IT infrastructure are all part of HP's product line.
From 2007 to 2013, HP dominated the PC industry; after that, Lenovo bought the lion's share of its PC business. HP specializes in creating and producing hardware, software, and services for networking, storage, and computing. It provides services to individuals, small and medium-sized businesses (SMBs), major corporations, and clients in the economy's public, private, and non-profit sectors.
HP is a top supplier of servers, storage, networking, corporate software, and services in the business sector. According to research organizations Gartner and IDC, HP is ranked No. 4 in servers and No. 3 in storage. In the market for software and services, the company is well established. According to the research firm Gartner, HP is the biggest vendor of corporate software worldwide. In 2012, the company's sales from software and services reached $9.1 billion, or nearly 17% of HP's overall revenue. In the printing industry, HP is a dominant force. In 2012, the company's Printing and Personal Systems division contributed around 29% of HP's overall sales.
At the end of October 2019, HP employed 55,000 people. The business is active in more than 170 nations. HP's four main divisions are consumer, Enterprise Group, Software and Services, and Printing. The largest of the four is the consumer, which in 2012 accounted for nearly 58% of HP's sales. Each of the other three groups is roughly one-sixth the size of the Consumer group.
HP is a market leader in the consumer sector, with a PC market share of 22.9% as of the second quarter of 2013. In terms of global PC shipments in 2013, research organization Gartner placed the company No. 7. According to the research firm IDC, HP is the third-largest PC manufacturer in the United States, with a market share of 18.1%.
Personal computers, tablets, smartphones, printers, scanners, calculators, digital cameras, servers, workstation PCs, enterprise storage solutions, and a host of other goods are available from HP for its clients. In addition, the business provides a wide range of software, such as the HP Connected cloud-based platform, the HP ePrint mobile printing app, and the HP Instant Ink subscription service. In addition, HP offers various services to its clients, including training, consulting, and support and maintenance.