Toshiba officially out of the laptop business

Toshiba officially out of the laptop business

Toshiba quietly exited the laptop business once and for all last week, ending a 35-year run by transferring its remaining minority stake in its PC business to Sharp. Two years ago, Toshiba sold an 80.1 percent 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.

“As a result of this transfer, Dynabook has become a wholly owned subsidiary of Sharp,” Toshiba said in a statement.

The company made the first PC laptop in 1985: The T1100 boasted internal rechargeable batteries, a 3.5-inch floppy drive, and 256K of memory. ComputerWorld’s 20-year retrospective of the T1100 notes that Toshiba executives were unsure about the portable computer, but eventually came around, and began selling the T1100 for around $2,000.

During the 1990s and early 2000s Toshiba was among the top PC manufacturers; but as more players 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 dwindled from its 2011 peak of 17.7 million PCs sold; to about 1.4 million in 2017.

About The Author

Kingsley Alaribe is a Digital Marketer with 1stNews, and writes the weekly column, Strangers and Lovers. He is also a Data Scientist. Email: [email protected]

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