UK HP TouchPad tablet prices slashed as retailers look to shift stock:
Retailers across the UK have begun discounting HP's TouchPad tablet to shift stock following the announcement that HP is to concentrate its business around software and services.Amazon has already cut the price from £400 to £312, while Argos has reduced it to £349.99, as retailers look to offload stock after HP confirmed that it will not manufacture any more devices.V3 contacted Dixons Group, which includes PC World and Currys, to see whether the company is planning on price cuts, but had received no reply at the time of publication. The Dixons web site still offers the TouchPad at £429.99.US retailer Best Buy has cut the price to just $99 in an effort to shift a backlog of over 200,000 units, and offered refunds to customers who bought the TouchPad at full price.Due to HP's decision to discontinue its TouchPad product, Best Buy will now provide clearance pricing for all TouchPad 16GB and 32GB models regardless of previously advertised prices or promotions," the company said.Customers who purchased the 16GB or 32GB TouchPad after 19 June may come into the store to get either a full refund or a refund of the difference between the price they paid and the clearance price."The decision appears to have worked. Customers are flocking to the store to pick up the TouchPad for the equivalent of £60, and Best Buy reported that it has sold out of the tablet online.HP's move to quit the PC and webOS device market has not been so well received by the financial markets, however, and almost $16bn was wiped off the company's value on the stock market in reaction to Thursday's news.
HP also announced that is to acquire UK software firm Autonomy for $10.2bn to enhance its product portfolio as the firm shifts direction under the leadership of former SAP chief Léo Apotheker.
Retailers across the UK have begun discounting HP's TouchPad tablet to shift stock following the announcement that HP is to concentrate its business around software and services.Amazon has already cut the price from £400 to £312, while Argos has reduced it to £349.99, as retailers look to offload stock after HP confirmed that it will not manufacture any more devices.V3 contacted Dixons Group, which includes PC World and Currys, to see whether the company is planning on price cuts, but had received no reply at the time of publication. The Dixons web site still offers the TouchPad at £429.99.US retailer Best Buy has cut the price to just $99 in an effort to shift a backlog of over 200,000 units, and offered refunds to customers who bought the TouchPad at full price.Due to HP's decision to discontinue its TouchPad product, Best Buy will now provide clearance pricing for all TouchPad 16GB and 32GB models regardless of previously advertised prices or promotions," the company said.Customers who purchased the 16GB or 32GB TouchPad after 19 June may come into the store to get either a full refund or a refund of the difference between the price they paid and the clearance price."The decision appears to have worked. Customers are flocking to the store to pick up the TouchPad for the equivalent of £60, and Best Buy reported that it has sold out of the tablet online.HP's move to quit the PC and webOS device market has not been so well received by the financial markets, however, and almost $16bn was wiped off the company's value on the stock market in reaction to Thursday's news.HP also announced that is to acquire UK software firm Autonomy for $10.2bn to enhance its product portfolio as the firm shifts direction under the leadership of former SAP chief Léo Apotheker.
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