‘Proximity’ to War Driving Consumer PC Hesitancy in Europe: HP CEO

HP is starting to see “some weakness” in its consumer PC business in Europe, CEO Enrique Lores told a Bernstein investor conference Thursday. Lores thinks their “proximity” to the war in Ukraine has made consumers “more concerned about investment,” he said. “It's hard to know where this is going to go, but we have started to see some of these signals.” HP hasn’t seen any hesitancy from enterprise customers in Europe due to the Russian hostlities in Ukraine, but “given the situation, it is one of the areas that we're watching closely,” he said.