HP will shut its smartphone and TouchPad tablet business and may shed its PC unit. On Thursday, the world’s No. 1 computer maker said it is considering a spinoff or sale of its personal computer business, and said it is buying business-analytics firm Autonomy for $10.2 billion.
The stunner happened just days after Google said it would plop down $12.5 billion on Motorola Mobility, and Dell hinted at lackluster PC sales. HP’s PC division, which sold 14.8 million units in its second quarter and accounted for $40 billion, or about 30% of HP’s revenue last year, includes its newly launched TouchPad tablet and smartphones.
Despite a marketing blitz and glitzy product launch, TouchPad sales as have those of its competitive peers, including Motorola Xoom and RIM PlayBook have been desultory.