HP Inc.’s Printing segment revenue has shown a steady trajectory from 2008 to 2024, reaching approximately 17 billion U.S. dollars in the fiscal year 2024. This segment is a significant part of HP’s business, alongside its Personal Systems segment, which generated around 36 billion U.S. dollars in revenue in 2024, contributing to the company’s total revenue of nearly 54 billion U.S. dollars that year.
HP Inc. has managed to navigate the challenging PC market landscape, maintaining its position by consistently shipping over 50 million PCs annually. Adapting to market shifts, HP has prioritized the development of gaming computers, a segment that has shown growth despite the overall PC market slowdown. In 2017, HP introduced its “device as a service” program, offering businesses a subscription-based model for technology and support services, reflecting a strategic shift in its business approach.
The restructuring of Hewlett-Packard in 2015 saw the company split into two separate entities: HP Inc., focusing on PCs and printers, and Hewlett Packard Enterprise (HPE), specializing in servers, storage, networking, and security services. While HPE was initially expected to be the more promising entity, HP Inc. has demonstrated strong performance as an independent hardware company, particularly in the personal computer and printer divisions.
To bolster its position in the market, HP Inc. made strategic acquisitions, such as acquiring Samsung Electronics’ printer segment in 2017 for approximately one billion U.S. dollars. Furthermore, in 2019, the company expanded its partnership with Xerox Corporation to broaden its range of customer offerings in the PC sector, showcasing a commitment to innovation and growth in a competitive market.
The evolution of HP Inc.’s Printing segment revenue over the years underscores the company’s ability to adapt to market dynamics and capitalize on emerging opportunities within the hardware industry. By leveraging strategic acquisitions and focusing on customer-centric solutions, HP Inc. has maintained a strong foothold in the competitive landscape of printers and personal computers, demonstrating resilience and innovation in a rapidly evolving technological environment.
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