HP scuppered by notebooks

Michael Bow
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HEWLETT-PACKARD, the largest PC maker in the world, saw its first quarter sales drop six per cent after a sharp fall in consumer notebook sales, the company said last night.

Revenue from personal notebooks was down 16 per cent on the year and ten per cent on the quarter, dragging total revenues down to $28.4bn (£18.6bn) but beating estimates.

Profit, stripped out for costs, also fell 11 per cent, down to 82 cents a share, underscoring the difficulty facing traditional PC makers in the smartphone era.