HP seen as 2014′s potential comeback kid

HP PC Sales Projection

It’s been a long time since HP has had any good news but at least one analyst thinks the company’s plan to revive its PC business once Microsoft stops supporting Windows XP next year might be a winner. Barron’s points us to a new research note from Pacific Crest analyst Bren Bracelin, who writes that HP might even grow next year if all goes according to plan. Bracelin figures that the worst must be over for HP’s PC division, which saw a 20% year-over-year drop in sales this past spring, and that the company is well-positioned to expand its market share in India and to hold onto its enterprise sales business in the coming months. All the same, Bracelin only thinks that growth is a best-case scenario for HP and he projects the company’s revenues will still decline by 1.6% in 2014.

Source:
Barron's
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