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As Asia's PC market slows, HP braces for difficult times

Sumner Lemon | Dec. 5, 2008
As the PC market outlook gets cloudy, HP counts on businesses and consumers to keep buying PCs.

Nevertheless, HP, along with most major technology vendors, is bracing for a slowdown in demand.

HP's official guidance for 2009 includes an expected 5 percent drop in worldwide revenue during the first quarter, reflecting both the "challenging economic environment" and the strength of the U.S. dollar against other currencies.

HP expects to see its annual revenue fall by 6 percent to 7 percent in 2009. The company did not offer a forecast for specific business units or geographies.

 

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