According to HP, "The devices have not met internal milestones and financial targets." To put it better in plain language,they did not sell enough webOS devices - hardly a surprise given the lack of developed apps for the webOS ecosystem.
The beautifully looking OS might just continue living on in printers or cars' entertainment/navigation systems, or get licensed to an interested party. However, as far as mobile devices are concerned, it is all over.
Hit the source link for the full PR from HP, and feel free to express your sorrow in the comments section below.
Source:http://www.gsmarena.com/hp_officially_discontinues_webos_phones_and_touchpad_devices-news-3022.php
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