HP has been selling netbooks since April of 2008, making the company one of the earliest innovators in the mini-laptop space. (Seriously, that’s how new this whole industry segment is). But despite a lot of gloom and doom projections from market watchers claiming that cheap netbook sales would cannibalize the sales of pricier, more profitable full sized laptops, HP’s CEO recently said that netbooks aren’t to blame for the company’s declining revenues.

In fact, if HP hadn’t been offering cheap options like the HP Mini 1000 to customers, HP might have lost even more money. There’s this little thing called a recession going on, and a lot of people who might not have thought twice about dropping $1200 on a laptop two years ago might be cutting back on expensive purchases. And that makes a $300 to $500 mini-laptop look a lot more appealing.

via Eee PC.net

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