AgencySpy LostRemote TVNewser TVSpy FishbowlNY FishbowlDC GalleyCat SocialTimes

HP Drops Out of Tablet War

'Glee's Lea Michele in a TouchPad ad

In a sad but not entirely surprising move, Silicon Valley’s HP surrendered to the mighty power of the Apple iPad on Thursday and announced that it would cease production of it’s tablet computer, the TouchPad, after a mere six weeks on the market. Six weeks! The poor TouchPad. It was like a new kid at school who didn’t even get a chance; reminiscent of but not quite as blatant a copy as its sorry little cousin, the Microsoft Zune.

In addition to the TouchPad, HP said it would stop selling other webOS like smartphones, and may somehow “spin-off” the Personal Systems Group, which sells PCs. The company said it will strike a deal to buy Autonomy, an analytics business, for $11.7 billion. The idea is to move the company into bigger moneymaking businesses, like software.

Analysts said HP threw in the towel on the TouchPad after weak sales and decided not to invest further in the tablet. Grumbling consumers, commenting all over cyberspace, contend HP could never compete against Apple with a product in the same price range. That makes us here at PRNewser wonder how the other tablets are faring against Apple, which is predicted to have more than 50 percent market share in the tablet space until 2015, with Google’s Android running second, and Research In Motion, makers of the Blackberry, third. The tablet market is growing, but it still has a ways to go.

By the way, this post was written on an iPad. Just saying.

[image via]

Mediabistro Course

Mediabistro Job Fair

Mediabistro Job FairLand your next big gig! Join us on January 27 at the Altman Building in New York City for an incredible opportunity to meet with hiring managers from the top New York media companies, network with other professionals and industry leaders, and land your next job. Register now!