Adios Toshiba Laptops: It has been good knowing ya!
Toshiba silently paid their final goodbyes, once and for all, to the laptop business last week, concluding their 35-year old legacy in the PC business by transferring its outstanding minority stakes to Sharp.
Toshiba sold its PC business's 80.1% stake in 2018 to no other company but Sharp for around $36 million. Also, Sharp changed the brand name to Dynabook.
In recent news, Sharp used its right to ownership for the outstanding 19.1% of shares later in June, and Toshiba announced on August 4th that the deal was concluded.
Due to this transfer, Sharp now wholly-owned Dynabook as its subsidiary - says Toshiba in a statement.
The company entered in the laptop industry in 1985: building its first-ever PC with T1100 rechargeable batteries, 256K of memory, and a floppy drive of 3.5-inch.
They weren't sure about their portable computer, according to ComputerWorld, but they still started to sell the T1100 for around 2,000 dollars.
Toshiba used to be among the top PC manufacturers during the 1990s and early 2000s, but their popularity evidently went down the hill. The reason being that more companies started crowding the market, developing fierce competition within the industry, Toshiba couldn't catch up with the pace to offer new features and eventually lost their battle.
Reuters reported that Toshiba's shares of the PC industry had reduced from the 2011 surge of 17.1 million PCs retailed to around 1.4 million in 2017.