iPad expected to push HP into largest quarterly loss

iDownload Blog writes, Could HP become the Nokia of PCs? Although the largest PC seller in the US, HP is expected to announce record-breaking quarterly losses later this week. As Nokia never could adapt to a market now dominated by smartphones, HP foresees nearly $9 billion in losses – much from the runaway adoption of Apple’s iPad. On word that PC sales in the US were down 12.7 percent during the second quarter, HP is expected to loose between $8.5 and $8.9 billion in stock value, according to the Associated Press. Meanwhile, record iPad sales are helping Apple become the world’s most valuable...

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