Hewlett-Packard, who last week said that Australia would not get their new tablet, has seen their shares crash 8 percent with the company admitting that they are struggling to compete in the consumer electronics market.HP Australia executives appear to be more interested in the enterprise computing market in Australia as opposed to the consumer market.
Globally HP trimmed its 2011 revenue projections on falling consumer demand for its personal computers at a time when arch rival Apple is growing share.
Sales from its personal systems group, encompassing PCs as well as new devices such as tablets, slipped 1 percent after growth stayed flat. Both IDC and Gartner recently claimed that this market was growing at over 5 percent per annum.
The limp performance, saw revenue of $2.6 billion for the fiscal first quarter ended January 31, Vs $2.5 billion, a year earlier.