惠普在特朗普總統的潛在關稅之前庫存產品

惠普首席執行官恩里克·勞雷斯（Enrique Lores）在達沃斯世界經濟論壇上對雅虎財務說：“我們在上個月進行了一些庫存的增加。”

HP is stockpiling products ahead of potential tariffs from President Trump, an action that could raise consumer prices for laptops, tablets and smartphones.

惠普正在與特朗普總統的潛在關稅之前庫存產品，這一行動可以提高筆記本電腦，平板電腦和智能手機的消費價格。

"We did some increases of our own inventory during the last month," HP CEO Enrique Lores told Yahoo Finance at the World Economic Forum in Davos, Switzerland. "It's more final product, not so much components, to mitigate the impact at the beginning."

惠普首席執行官恩里克·勞雷斯（Enrique Lores）在瑞士達沃斯的世界經濟論壇上對雅虎金融說：“上個月，我們對自己的庫存進行了一些增加。” “從一開始就可以減輕影響的最終產品，而不是很多組成部分。”

Suntory CEO Tak Niinami also told Yahoo Finance at WEF that his company has stockpiled enough whiskey in Europe to last a year.

Suntory首席執行官Tak Niinami還告訴WEF Yahoo Finance，他的公司在歐洲儲存了足夠的威士忌，持續了一年。

If higher tariffs go into effect, it could raise material costs for HP and force it to raise consumer prices.

如果較高的關稅生效，它可能會提高惠普的材料成本，並迫使其提高消費者價格。

The Consumer Technology Association recently estimated that proposed tariffs from the Trump administration could increase laptop and tablet prices by as much as 46%. Smartphones could see a 26% price increase. Trump has floated tariffs of 10% to 20% on most imports and 60% tariffs on Chinese imports.

消費者技術協會最近估計，特朗普政府的擬議關稅可能會將筆記本電腦和平板電腦的價格提高多達46％。智能手機的價格可能會增加26％。特朗普將大多數進口的關稅提高了10％至20％，對中國進口的關稅率為60％。

A board member of a large US electronics retailer told Yahoo Finance at WEF that 50% of their time is currently spent studying possible tariff scenarios. A good chunk of what the company sells, such as headphones and speakers, is exposed to China, the source said.

一家大型美國電子零售商的董事會成員在WEF告訴Yahoo Finance，目前有50％的時間用於研究可能的關稅情況。消息人士稱，公司銷售的很大一部分，例如耳機和發言人，都暴露於中國。

In a hawkish speech at WEF on Thursday, Trump floated 25% tariffs on the European Union. He didn't say whether he would enact more tariffs on China, as he has suggested consistently.

在周四在WEF上的鷹派演講中，特朗普對歐盟提出了25％的關稅。他沒有說他是否會對中國征收更多關稅，正如他一直建議的那樣。

As tariff concerns swirl, HP has reported a few mixed quarters.

由於關稅涉及漩渦，惠普報告了幾個混合季度。

Sales of consumer PCs fell 4% in the most recent quarter, while commercial sales improved 5%. Operating margins in the PC division fell sharply year over year.

最近一個季度，消費電腦的銷售額下降了4％，而商業銷售額提高了5％。 PC部門的營業利潤率逐年下降。

Similar to the previous quarter, commercial clients are upgrading their computers ahead of Microsoft (MSFT) ending support for Windows 10 in October 2025.

與上一季度類似，商業客戶正在2025年10月在Microsoft（MSFT）結束對Windows 10的支持之前升級其計算機。

Consumer PCs are under slight pressure as customers await new AI computer releases and spend more money on experiences.

隨著客戶等待新的AI計算機發布並在體驗上花費更多的錢，消費電腦的壓力很小。

"The challenging near-term fundamentals for the PC market are already well understood, although HPQ is facing greater headwinds in relation to competitive pricing dynamics in the market as it attempts to pass through pricing to recover higher memory costs," JPMorgan analyst Samik Chatterjee said in a client note.

JPMorgan分析師Samik Chatterjee說：“儘管HPQ試圖通過定價來恢復更高的記憶成本，但在PC市場上充滿挑戰的近期基礎知識已經對市場上的逆風而言，儘管HPQ面臨著更大的逆風。 ”在客戶註釋中。

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Brian Sozzi is Yahoo Finance's Executive Editor. Follow Sozzi on X @BrianSozzi, Instagram and on LinkedIn. Tips on stories? Email brian.sozzi@yahoofinance.com.

Brian Sozzi是Yahoo Finance的執行編輯。在X @briansozzi，Instagram和LinkedIn上關注Sozzi。關於故事的提示？發送電子郵件至brian.sozzi@yahoofinance.com。

Read the latest news and interviews from the World Economic Forum in Davos, Switzerland:

閱讀瑞士達沃斯世界經濟論壇的最新新聞和訪談：

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Suntory CEO says the company has stockpiled whiskey in Europe due to possible Trump tariffs

Suntory首席執行官說，由於可能的特朗普關稅，該公司已在歐洲庫存威士忌

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