HP sales miss estimates as businesses hold off buying PCs

HP chief executive officer Enrique Lores said he expects improvements in the new year. — Bloomberg

NEW YORK: HP Inc repors quarterly sales just shy of analysts’ estimates as the predicted uptick in the personal computer (PC) market has yet to materialise.

Revenue fell 6.5% to US$13.8bil in the period ended Oct 31, the Palo Alto, California-based company said in a statement.