HP's chief executive Meg Whitman has admitted that the firm is likely to launch a smartphone in the future in order to secure a portion of the growing mobile market.
Speaking to the Fox Business Network, Whitman said that given HP's stance as a device provider not having a smartphone was a missing piece of its portfolio.
"We are working on this," she said.
"We have to ultimately offer a smartphone because in many countries of the world that would be your first computing device... We are a computing company we have to take advantage of that form factor."
The decision by HP to go down this route would be interesting, particularly with regards the platform it would choose to focus its devices around, possible Windows Phone 8 given its enterprise credentials.
However, Whitman dismissed suggestions the firm would look at Research in Motion (RIM) as an acquisition target.
"No, that is not a direction that we're going to head," she said.
Ovum analyst Nick Dillon said a tie-up with Microsoft would be the most sensible decision for HP if it does produce its own smartphones.
"After the disastrous acquisition of Palm, it would be a bit loopy for HP to buy another handset manufacturer to get into this market. It would therefore need to licence a platform, with the only two realistic options being Android and Windows Phone," he told V3.
"Windows Phone would appear to be the most likely option for HP, given its close ties with Microsoft and the intense competition in the Android market. "
HP has had a turbulent few years in the device hardware market. It did once offer its own smartphones - the Veer and Pre 3 - which were based on the webOS platform it acquired from Palm.
But those smartphones, and the calamitous TouchPad, were jetisoned along with the entire WebOS platform, after a poor reception.
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