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HP Inc. was proactive about the impact of tariffs, and it may be paying off - MarketWatch

1. HP expects 90% of North American products made outside China by fiscal 2025. 2. Q1 revenue at $13.5 billion, surpassing analyst estimates of $13.4 billion. 3. PC revenue rose 2% to $9.2 billion; consumer revenue declined by 7%. 4. Cost-cutting efforts aim to save an additional $300 million by fiscal 2025. 5. Net income fell to $565 million, down from $622 million last year.

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FAQ

Why Neutral?

Despite cost concerns, HP's revenue beats expectations, indicating resilience amidst challenges.

How important is it?

The shift in manufacturing and tariff strategies are crucial for HP's future profits and market positioning.

Why Short Term?

Immediate impacts from tariffs could affect pricing; however, long-term shifts in production strategies may mitigate risks.

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