45 Impressive HP Stats and Facts [Market Share & Usage] 2024

Hewlett-Packard was founded almost 100 years ago in a tiny one-car garage in California’s Bay Area.

Known as the catalyst behind the Silicon Valley boom, HP (or HP Inc. as the company’s computer manufacturing enterprise is now known) remains one of the most successful companies in the world to this day.

General HP Stats and Facts 2024

1. Hewlett-Packard was founded in a one-car garage by founders Bill (Hewett) and David (Packard) in Palo Alto, California, on 1 January 1939
2. The first major contract which gave Hewlett-Packard its start as manufacturers of IT hardware components was to produce ‘test and measurement’ instruments for Fantasia, the animated musical from Walt Disney’s Disney studios
3. In November 2015, HP split into Hewlett Packard Enterprise (which works in storage, servers, networking, consultation, and support), and HP Inc. (which continues to produce IT hardware and software)
4. Despite the split of Hewlett-Packard Enterprise from HP Inc., both companies remain multi-billion-dollar enterprises
5. As of 2019, HP had successfully acquired and incorporated some 104 competing organizations over its lifetime

HP Market Share Statistics 2024

6. HP was the world’s leading PC manufacturer from 2007-2013
7. The leading PC vending competitor to HP is Lenovo (as of 2021), who took over from HP as the leading PC manufacturer in 2013
8. The leading PC monitor vendor competing against HP in 2022 was Dell
9. HP was the leading vendor of hardcopy peripherals in 2021
10. HP market share (of global PC shipments) was a not inconsiderable 18.8% in the first quarter of 2022
11. HP’s market share has mostly increased year-on-year since 2012
12. Combining the top 3 manufacturers and suppliers of PCs and PC components (Dell, HP, and Lenovo), their overall market share in 2022 is greater than 60% of the entire PC market
13. In the first quarter of 2022, Hewlett-Packard shipped 22.7% (nearly one-quarter) of all PC units sold in the United States of America

HP Market Usage Statistics 2024

14. Hewlett-Packard is used as a web hosting provider by less than 0.1% of all websites
15. Hewlett-Packard is used by much higher-traffic sites than other major hosts like Amazon and Shopify
16. Spending on devices (PCs, smartphones, tablets, etc.) is expected to trump $810 billion by the end of 2022

HP Market Employee Statistics 2024

17. HP employed over 300,000 people worldwide in 2014, the year before its split into two separate entities
18. As of 2022, HP (HP Inc.) employs around 51,000 people around the world
19. Most (66%) of HP employees are male, while few (34%) are female
20. Most (55%) employees at HP are White, whilst fewer (17% and 13%, respectively) are Latinx or Asian
21. On average, HP employees work at the company for around 6.6 years
22. An average HP employee takes home an annual salary of $78,427
23. HP was the 12th largest employer in the US as of 2017

HP Products Stats 2024

24. With the falling cost of base materials in computer production, HP’s profit margins continue to rise steeply
25. HP’s investment in R&D in 2021 amounted to $1.91 billion
26. The majority of HP’s revenue comes from desktop and notebook computer sales
27. HP’s second largest revenue stream comes from sales of printer supplies and printers (commercial and consumer)
28. In 2019, HP incorporated into its portfolio new technologies such as 3D printing and VR
29. In 2022, HP shipped around 18 million PC units per quarter
30. As of 2017, Hewlett-Packard had 18,000 patents to its name
31. A fairly large proportion of HP products are manufactured from recycled plastics
32. As of June 2020, 1,700,000lbs of ocean-bound plastic materials had been turned into HP products

HP Market Revenue Statistics 2024

33. HP revenue in 2021 was $63.5 billion
34. HP’s net earnings at the end of 2021 were $6.5 billion
35. HP’s revenue from its Personal Systems (computers and other hardware components) in 2021 was $43.4 billion
36. HP’s revenue from Printing in 2021 was $20.1 billion
37. HP’s revenue from PC Shipments in Q2 of 2022 has been reported at 13.5 million units
38. HP Inc’s revenue took a slight dip the year after it was established (2015-2016) but has been steadily climbing ever since, from $48.24 billion in 2016 to $63.49 billion in 2021
39. HP invested $829 million US worldwide in advertising in 2021

HP Stock Statistics 2024

40. HP’s stock price from 2021-2022 reached a high of $41.47 and a low of $26.11
41. As of August 2022, HP’s profit margin was 9.61%, and their ROA (return on assets) was 9.71%

Fun Facts You Didn’t Know About HP

42. Bill Hewett and David Packard’s garage – the “HP Garage” – is now an official California Landmark
43. The garage in which HP was founded is officially designated the “Birthplace of ‘Silicon Valley’
44. HP was found guilty in 2014 of at least 3 different accounts of bribery to top government officials in Poland, Mexico, and Russia – payments made to the officials ensured HP retained key multimillion-dollar contracts
45. In 2007, Hewlett-Packard exceeded $100 billion in sales revenue for a fiscal year: the first-ever technology company to do so

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FAQs

What does HP sell the most of?

HP’s highest-selling line of products is computers and computer parts. The company was initially founded as a manufacturer of hardware for the information technology industry but has since become synonymous with personal laptops and desktop computers.

Where does HP make most of its money?

HP makes the vast majority of its revenue from sales of computers and computer parts, but also manufactures printers (for both commercial and consumer use) as well as printer materials and parts, which complements its high-grossing sales of computers.

How much does HP make a year?

HP grosses somewhere in the region of $50-$60 billion US dollars every single year, with HP’s revenue being $63.5 billion in 2021. After expenses and tax, HP last year (2021) claimed net earnings of $6.5 billion (or around 10% of their gross profit). Thus, HP makes about $6.5 billion US dollars a year.

Conclusion

As the progenitors of Silicon Valley and the tech boom which has made billionaires out of tech geeks in San Fernando and the Bay Area, Hewlett-Packard remains a giant of the industry.

Sources

Here is a list of all the sources used in the writing of this article:

• Wikipedia
• Expanded Ramblings
• Statista
• Hello Leads
• W3 Techs
• Britannica
• Finance
• Interesting Facts World
• Zippia