HP (HPQ) Launches Elite Dragonfly, Enhances Convertible PC
Zacks Investment Research | Sep 19, 2019 11:50PM ET
HP (NYSE:HPQ) unveiled an ultralight premium convertible notebook HP Elite Dragonfly for mobile business professionals.
The 13-inch Elite Dragonfly notebook, which weighs below 1 kg, is equipped with up to 16GB RAM and a solid-state storage (SSD) of up to 2TB. Further, it claims to provide the longest battery life of up to 24.5-hour and features the latest Wi-Fi 6 connectivity. The laptop, which will be available on Oct 25 at a starting price of $1,549, is based on the 8th Gen Intel (NASDAQ:INTC) Core vPro processor.
Additionally, HP announced two curved monitors. The HP S430c Curved Ultrawide Monitor is expected to be available on Nov 4 for $949 while the HP E344c Curved Monitor will be available on Oct 7 for $599.
HP Rides on Growth in Personal Systems
HP is benefiting from a strong uptrend in Personal Systems business. Investments in new products, services and solutions are yielding results for the company. Rising demand for its notebooks, desktops and workstations on the back of product innovation and differentiations is an upside.
In the worldwide PC market, HP secured the second spot in the second quarter with 23.7% market share per IDC and 22.2% share per Gartner. The company witnessed an upturn in shipment after suffering a decline in the previous two quarters.
In the commercial side of the business, the company is catering to the needs of an increasingly mobile workforce. The launch of the latest EliteBook x360 line-up is a positive in this regard. Further, the roll out of HP Sure Sense across EliteBook and ZBook, leveraging AI, to enable real-time malware protection is encouraging.
Notably, in the last reported quarter, personal systems revenues increased 6% in constant currency and the operating profit surged 51%.
HP Inc. Revenue (TTM)
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