Goodbye to Toshiba PC’s
Toshiba, Japanese multinational conglomerate with headquarters in Minato, Tokyo has finally thrown in the towel on its laptop business, thereby ending its 35-year run by transferring their remaining minority stake in its PC business to Sharp. Couple of years ago, Toshiba sold 80.1% stake of its PC business to Sharp for $36 million, and Sharp renamed the division Dynabook. Sharp exercised its right to buy the remaining 19.1 percent of shares back in June, and Toshiba released a statement August 4th that the deal was completed.
The company started its first PC laptop in 1985…The T1100 boasted internal rechargeable batteries, a 3.5-inch floppy drive, and 256K of memory. Later during the 90s and early 20s, Toshiba was among the top PC manufacturers, but as more manufactures crowded into the market and with fewer unique features to offer, Toshiba’s laptops waned in popularity. By the time it sold its stake to Sharp, Toshiba’s share of the PC market had diminished from its 2011 peak of 17.7 million PCs sold to about 1.4 million in 2017, according to Reuters.
As a result of this transfer, Dynabook has become a fully owned subsidiary of Sharp,” Toshiba said in a statement.