Back in the day, PCs were hip and investors chased computer stocks to sky-high valuations. Everyone was buying a desktop, and then a laptop, and the companies that supplied them could do no wrong.
The decades-old supply chain is starting to split in two: one beyond China’s borders that serves American concerns, and another within the world’s most populous country that caters to local consumers.
HP laptop maker Inventec said it will to shift production of notebooks for the US market out of China within months, adding to the tech industry’s exodus as the world’s two largest economies escalate their trade war.
Hewlett Packard Enterprise has appointed President Ntuli as its new MD for South Africa, effective 1 August, it said on Monday.
HP and Dell Technologies plan to move as much as 30% of their notebook production away from China as global technology giants scramble out of the way of escalating tariffs on US-bound goods.
Dell Technologies, HP, Intel and Microsoft are joining forces to oppose US President Donald Trump’s proposed tariffs on laptop computers and tablets among $300-billion in Chinese goods targeted for duties.
Worldwide PC shipments fell by 1.3% in 2018, and by a sharp 4.3% in the fourth quarter of the year, as the years-long pressure on the market continued unabated.
The smartphone market is following the growth-challenged path of PCs. That won’t please executives at Samsung Electronics and Apple, but their pain might be great for consumers.