The company will now focus on software and services.
In what could be a dramatic and shocking move, HP, the world’s largest PC manufacturer, may just bow out of the consumer market by dumping its entire PC component for good.
Despite being a huge revenue generator, HP’s PC business has been the least profitable one, and while the company denied previous rumors of a sale, it looks like it soon could be a possibility.
The news comes after the company announced it be closing off its WebOS division, dumping its newly introduced line up of tablets and smartphones. The company invested $1.8 billion on smartphone maker Palm to acquire the rights to the mobile operating system.
HP will now focus on software and service, much like its rival IBM, who had sold off its PC division in 2004 to focus on the non-labor intensive products for the industry. The company is said to purchase Autonomy Corp., a business software maker for $10 billion, giving a massive kick start towards its new plans.
HP is yet to officially comment on subject.