HP reckons memory chip crunch will linger next year, warns of PC sales slump - Reuters
HP reckons memory chip crunch will linger next year, warns of PC sales slump Reuters
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Notable Quotes
"With just one quarter behind us in a dynamic environment marked by increasing memory costs, we are holding our outlook for the year, yet currently anticipate results to be closer to the low end of our range."
— Karen Parkhill , Executive
"We will continue engaging the administration on these matters and others."
— Bruce Broussard , Executive
"and we do expect them to further increase in the latter part of the year."
— Karen Parkhill , Executive
"we are also configuring our products and shaping demand to align the supply we have with our customer needs."
— Bruce Broussard , Executive
Key People
Bruce Broussard is the interim CEO of HP Inc.
Former president of the United States known for his aggressive economic policies.
Enrique Lores is the former CEO of HP Inc.
Karen Parkhill is the finance chief of HP Inc.
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<a href="https://news.google.com/rss/articles/CBMiugFBVV95cUxPTXVXUXY4WFB4ODdYTzdNdldRRkk4YjZ3U0lvaENDSkluYnF4bmE1dUlmZF9iaC1VX3lGWGtkV0p4dTBQU25aenVQNVdsU2h5NVZNejFTZXd4Z29DX2ZESWR2aHJvdUpzSWdfbm80bkhpblgtU01oZ1cxZEFRSTk0RThkdzJsR0VCRXZzZDRwdWhrd0hYM1JPc0dWS1UzQjZkTU9OMTNxXzc3ZGdLb2RvVlRmeEhLVGY0a3c?oc=5" target="_blank">HP reckons memory chip crunch will linger next year, warns of PC sales slump</a> <font color="#6f6f6f">Reuters</font>
HP Inc. anticipates that the memory chip shortage will continue into the next year, forecasting a decline in PC shipments and a potential slump in sales.
HP Inc. expects the memory chip shortage to persist into the next year, leading to a forecasted decline in PC shipments and a potential slump in sales.
HP's CFO reports a 100% increase in memory prices for the current quarter and anticipates further rises, indicating the memory shortage's ongoing impact on the PC industry.
Investors are concerned about HP's upcoming earnings report, focusing on the impact of the memory chip shortage and a potential slump in the printing segment.
HP and Dell's weak forecasts have led to share selloffs and raised doubts about the PC market's recovery, highlighting challenges like the memory chip shortage.
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