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
- Hewlett-Packard was founded in a one-car garage by founders Bill (Hewett) and David (Packard) in Palo Alto, California, on 1 January 1939
- 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
- 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)
- Despite the split of Hewlett-Packard Enterprise from HP Inc., both companies remain multi-billion-dollar enterprises
- As of 2019, HP had successfully acquired and incorporated some 104 competing organizations over its lifetime
HP Market Share Statistics
- HP was the world’s leading PC manufacturer from 2007-2013
- The leading PC vending competitor to HP is Lenovo (as of 2021), who took over from HP as the leading PC manufacturer in 2013
- The leading PC monitor vendor competing against HP in 2022 was Dell
- HP was the leading vendor of hardcopy peripherals in 2021
- HP market share (of global PC shipments) was a not inconsiderable 18.8% in the first quarter of 2022
- HP’s market share has mostly increased year-on-year since 2012
- 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
- 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
- Hewlett-Packard is used as a web hosting provider by less than 0.1% of all websites
- Hewlett-Packard is used by much higher-traffic sites than other major hosts like Amazon and Shopify
- Spending on devices (PCs, smartphones, tablets, etc.) is expected to trump $810 billion by the end of 2022
HP Market Employee Statistics
- HP employed over 300,000 people worldwide in 2014, the year before its split into two separate entities
- As of 2022, HP (HP Inc.) employs around 51,000 people around the world
- Most (66%) of HP employees are male, while few (34%) are female
- Most (55%) employees at HP are White, whilst fewer (17% and 13%, respectively) are Latinx or Asian
- On average, HP employees work at the company for around 6.6 years
- An average HP employee takes home an annual salary of $78,427
- HP was the 12th largest employer in the US as of 2017
HP Products Stats
- With the falling cost of base materials in computer production, HP’s profit margins continue to rise steeply
- HP’s investment in R&D in 2021 amounted to $1.91 billion
- The majority of HP’s revenue comes from desktop and notebook computer sales
- HP’s second largest revenue stream comes from sales of printer supplies and printers (commercial and consumer)
- In 2019, HP incorporated into its portfolio new technologies such as 3D printing and VR
- In 2022, HP shipped around 18 million PC units per quarter
- As of 2017, Hewlett-Packard had 18,000 patents to its name
- A fairly large proportion of HP products are manufactured from recycled plastics
- As of June 2020, 1,700,000lbs of ocean-bound plastic materials had been turned into HP products
HP Market Revenue Statistics
- HP revenue in 2021 was $63.5 billion
- HP’s net earnings at the end of 2021 were $6.5 billion
- HP’s revenue from its Personal Systems (computers and other hardware components) in 2021 was $43.4 billion
- HP’s revenue from Printing in 2021 was $20.1 billion
- HP’s revenue from PC Shipments in Q2 of 2022 has been reported at 13.5 million units
- 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
- HP invested $829 million US worldwide in advertising in 2021
HP Stock Statistics
- HP’s stock price from 2021-2022 reached a high of $41.47 and a low of $26.11
- 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
- Bill Hewett and David Packard’s garage – the “HP Garage” – is now an official California Landmark
- The garage in which HP was founded is officially designated the “Birthplace of ‘Silicon Valley’
- 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
- In 2007, Hewlett-Packard exceeded $100 billion in sales revenue for a fiscal year: the first-ever technology company to do so
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.
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.
Here is a list of all the sources used in the writing of this article:
- Expanded Ramblings
- Hello Leads
- W3 Techs
- Interesting Facts World