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MarketWatch First Take: HP is still being disrupted by the internet in 2019

HP Inc.’s comeback hit a big speed bump Wednesday as something called “online” caught up with its printing-supplies business.

HP HPQ, -0.21% revealed Wednesday that one of its biggest money-makers, selling printing supplies, faces new pressure due to internet sales, which is squeezing previously juicy margins, especially in some overseas markets. HP seemed to be taken by surprise that customers buy their printing supplies online, where they said they have less of the market and pricing isn’t to HP’s benefit.

“We’re now engaging on a new battlefield and it’s called ‘online,’” Chief Executive Dion Weisler said, giving some listeners of a certain age flashbacks to the late 1990s.

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