HP reported quarterly revenue that topped analysts' estimates, including the first increase in personal computer sales in two years, an optimistic signal for a long-awaited rebound in the market.
Revenue from HP's computer unit increased 3 per cent to US$8.4 billion (S$11.4 billion) in the fiscal second quarter, compared with the US$8.3 billion expected by analysts. The business had been declining since May 2022 on a year-onyear basis.
The jump was due to commercial sales, which rose 6 per cent to US$6.2 billion. Consumer sales continued to decline, slipping 3 per cent to US$2.2 billion, the company said on May 29.
The PC market had seen a historic decline over the last two years after many consumers, businesses and schools purchased laptops in the early months of the Covid-19 pandemic.
Esta historia es de la edición May 31, 2024 de The Straits Times.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor ? Conectar
Esta historia es de la edición May 31, 2024 de The Straits Times.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor? Conectar
US weighs breakup of Google in landmark online search case
WASHINGTON – The United States said on Oct 8 that it may ask a judge to force Alphabet's Google to divest parts of its business, such as its Chrome browser and Android operating system, that it noted are used to maintain an illegal monopoly in online search.
Home-grown CRU will close last fitness studio on Nov 10
Refunds will be addressed once moving-out process is finalised, says staff member
Oil slides on possible ceasefire between Hezbollah and Israel
HOUSTON – Oil prices slid on Oct 8, settling down more than 4 per cent on news of a possible ceasefire between Hezbollah and Israel, although prices found some support on fears of a potential attack on Iranian oil infrastructure.
HBO documentary suggests Peter Todd is creator of Bitcoin
PORTLAND, Oregon - A new HBO documentary about the origins of Bitcoin suggests that Mr Satoshi Nakamoto, the pseudonymous creator of the original cryptocurrency, is likely Canadian software developer Peter Todd.
China's finance minister to hold briefing, raising stimulus hopes
He is expected to launch moves to shore up growth, strengthen fiscal policy on Oct 12
More travel during China's Golden Week, but spending still lags
BEIJING - Chinese tourists shelled out less money during their long holiday that ended on Oct 7 than before the Covid-19 pandemic, even as signs emerged that spending is stabilizing after a recent barrage of stimulus measures unveiled by the government.
Wall Street gains lift investors here with S'pore stocks up 0.6%
● SGX is STI's biggest gainer, rising 1.8% to $11.61 ● Local banks end higher; regional indexes mixed ● S&P 500 up 1%; Nasdaq adds 1.4%; Dow Jones rises 0.3%
46 schools to get new principals – 22 taking on role for first time
Forty-six schools will receive new principals at the start of the school year in 2025, as part of the Ministry of Education's (MOE) annual reshuffle exercise.
Board members of statutory boards get reminder on gift rules
Board members of statutory boards have been sent a letter by the Public Service Division (PSD) to make clear the circumstances under which they could be considered public servants under the law.
Body of hiker who fell off cliff in Everest region brought back
The body of Mr Harry Tan Eng Kwang, who died after he slipped and fell while hiking in the Everest region of Nepal about two weeks ago, arrived in Singapore on Oct 9. His family is holding a three-day wake at The Garden of Remembrance in Old Choa Chu Kang Road and the cremation will be held on Oct 12.