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Hewlett-Packard Pulls The Plug On TouchPad

Originally published on August 19, 2011 4:34 am
Copyright 2018 NPR. To see more, visit http://www.npr.org/.

DAVID GREENE, host:

One thing consumers won't be paying more for - or anything at all, for that matter - is Hewlett-Packard's TouchPad.

Our last word in business today is you can't touch this.

After launching its new tablet just weeks ago, HP announced yesterday it's pulling the plug on the TouchPad.

RENEE MONTAGNE, host:

The TouchPad got, at best, a lukewarm reception from critics. One early sign all was not well with the new product was the $100 price drop just after it was launched.

GREENE: Then reports started circulating that Best Buy had sold less than 10 percent of the 270,000 TouchPads in its inventory. HP is the world's largest desktop and laptop computer seller. The company also revealed yesterday that it is considering spinning off or selling its personal computing business.

And that is the business news from MORNING EDITION, on NPR News. I'm David Greene.

MONTAGNE: And I'm Renee Montagne. Transcript provided by NPR, Copyright NPR.