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Congress

HP To Shutter Smartphone, Tablet Computer Programs

August 18, 2011

Hewlett-Packard announced Thursday that it will end its smartphone and tablet computer products, and may sell or spin off its PC division.

The move marks a dramatic reorganization for the 72-year-old electronics company, and makes the company more like rival IBM. The announcement comes just two years after HP spent $1.8 billion to acquire Palm and move into the smartphone market.

HP's PC division generate the most revenue but is its least profitable, according to the Associated Press.

PC sales across the board have declined under pressure from smartphones and tablet devices.

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