Hewlett-Packard Co. on August 18 has said that it will discontinue its tablet computer, HP TouchPad, and other smartphone products based on WebOS operating system. The TouchPad was announced in February and released last month, never took off and was unable to compete with Apple’s iPad.
Apple launched the iPad in April, 2010 to redefine the tablet computer. The success of iPad prompted every computer manufacturers to race for their share for the new platform. But, none had been innovative enough to challenge the iPad dominance in the tablet market.
The fact that BestBuy could sell less than 10 percent of it’s stock (sold 25,000), forced HP to reduce the price by $100. When the price reduction failed to gain any traction, HP decided not to push further.