As a result of the news, the HP share jumped double-digit in the hours before trading on the Wall Street, and after opening it crossed the $ 40 threshold for the first time in its history and even approached 41 – a jump of about 17% compared to the closing price on the previous trading day.
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The American HP is the largest printer manufacturer in the world and the second largest computer manufacturer in the world (after the Chinese Lenovo). In 2021, it enjoyed the first increase in demand for computers in years due to the transition to hybrid work (i.e .: two computers per employee, one in the office and one at home), and its share soared by 53%. According to its report for the last three months of 2021, it recorded a 26% increase in computer sales and a 9% increase in printer sales. The company expects the computer market to continue to rise in the coming years to a total value of more than half a trillion dollars (560 billion) in 2024. As a result, it acquired Poly last month for about $ 3.3 billion (a company formed about two years ago by a merger between Polycom and Plantronics), which focuses on peripherals for work calls – from office phones, to headphones with microphones to conference room cameras.