The Traderszone Network

Published in TZ Latest News 25 November, 2015 by The TZ Newswire Staff

HP Inc plunges after printer business underwhelms

HP Inc’s revenue from both its printer and PC businesses fell 14 percent each in the fourth quarter, their worst performance in the year ended Oct. 31, and forecast current-quarter profit below market expectations. HP Inc Chief Executive Dion Weisler called the printing business a “much greater challenge” than the PC business. The company has been cutting printer prices to tackle stiff competition, particularly from Japanese printer makers Canon and Epson.