Why HP is successful?

Hewlett-Packard Corporation is a US based Multinational Company which is in the business of Information Technology. The company is headquartered in California and provides services worldwide. The company develops and manufactures computer hardware’s and accessories. HP computers are quite well known by the public but now it faces a tough competition with the Chinese manufacturer of laptops and computers Lenovo.
The company also specializes in developing and manufacturing the software’s, networking hardware for the computers for individuals as well as businesses, data storage and cloud computing. HP apart from its physical store location also has an online store where consumers can purchase the products. The company was announced as the world’s largest company for PC sales in the year 2012 but since then the company has faced serious competition issues and has been losing its market share of the personal computer market. The company is publically traded on New York Stock Exchange (NYSE) with the ticker symbol of HPQ. Currently HPQ share price is at $32 and the company has the market capitalization of over $61 billion. The company has been successful because of its two main strategies, one of which is its cost cutting techniques which has widened its bottom line and the other has been its focus in the high growth areas of software development. Looking HPQ earnings have a positive outlook.