HP warned investors of a colossal quarterly loss in its third fiscal quarter after writing down $8bn (£5.1bn) on its services arm, of which the majority lies with its $13.9bn (£8.8bn) purchase of IT equipment...
Lynch and HPE have also been waiting for a judgement in the civil fraud case following a 10-month-long trial
The firm has been struggling since buying HPE's software business in 2017
But iPhone sales dipped nearly 7 per cent from a year ago
Q3 2020 profit of $10.75 billion is up 22 per cent from the same period last year
The company says the health crisis has slowed production and lowered demand for iPhones