HP Printer Sales Down 20%, Dell Consumer Up 18%
Both HP and Dell have reported surging sales in certain categories in Q2 2020, driven by increased demand for notebooks as markets across the globe work and learn remotely.
“In Q2, we saw strength in the government sector and in education, with orders up 16% and 24%, respectively, as parents, teachers and school districts prepare for a new frontier in virtual learning,” said Jeff Clarke, Vice Chairman and CEO of Dell Technologies.
Over the quarter Dell generated an operating income of $1.1 billion, representing a year-on-year (y-o-y) increase of 119%.
Dell’s Q2 revenue totalled $22.7 billion. This was driven by strong demand for notebooks, where the company recorded double-digit revenue growth.
Dell’s revenue from consumer devices rose by 18% to $3.2 billion.
HP, meanwhile, reported a net revenue decline of 2.1%, though this was mainly due to its printing segment, which contracted by 20% y-o-y. HP’s net revenue for its Consumer segment increased by 42% y-o-y.
In terms of units sold, HP recorded 11% y-o-y total growth, with notebooks up 32% y-o-y and desktops down 30% y-o-y.
“We’re leveraging our leadership across consumer and commercial markets to capitalise on opportunities – from the essential role of the PC in an era of remote work and school to the rise of subscription-based business models to enable greater flexibility,” said Enrique Lores, President and CEO of HP.
“Our diverse portfolio and disciplined execution are powering our performance and we’re well positioned to drive continued value creation.”