Hewlett-Packard (HPQ) Could Re-Enter Smartphone Market with 'Phablets'
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Price: $32.15 +2.78%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 3.8%
Revenue Growth %: +5.8%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 3.8%
Revenue Growth %: +5.8%
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To no one's surprise, Hewlett-Packard (NYSE: HPQ) is looking to re-enter the smartphone market. And the move could be happening soon.
TheInformation said Monday that H-P's first foray back into the mobile market might begin with 6- to 7-inch
H-P's last effort into the smartphone market was in 2010 following the acquisition of Palm. However, the onslaught of Android-based devices and more people selecting to use Apple's iPhone proved to be too much of a challenge, even for a company with H-P's size and reach. The initiative ended in 2011 for H-P.
H-P shares are indicated higher in early trading Tuesday.
TheInformation said Monday that H-P's first foray back into the mobile market might begin with 6- to 7-inch
phablets,or large smartphones.
H-P's last effort into the smartphone market was in 2010 following the acquisition of Palm. However, the onslaught of Android-based devices and more people selecting to use Apple's iPhone proved to be too much of a challenge, even for a company with H-P's size and reach. The initiative ended in 2011 for H-P.
H-P shares are indicated higher in early trading Tuesday.
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