Hewlett-Packard sales slump worse than expected

HP’s Personal Systems segment fell 29% to US$8.2bil (RM37.8bil), compared with analysts’ average estimate of US$8.4bil (RM38.7bil). — Bloomberg

NEW YORK: Hewlett-Packard (HP) Inc reported sales that fell further than analysts’ estimated, a sign the company continues to be hamstrung by the ongoing slump in demand for personal computers (PCs).

Revenue declined 22% to US$12.9bil (RM59.4bil) on a worse-than-expected drop in consumer PC sales, the company said in a statement.