Toshiba graduated from the computer industry after 35 years
Toshiba graduated from the computer industry after 35 years

Toshiba confirmed this week that it has sold the remaining stake in its laptop business to Sharp, which means that it has officially withdrawn from the PC market.

After 35 years of development, Japanese consumer electronics company Toshiba has decided to withdraw from the PC industry.

"This transfer made (Dynabook) a wholly owned subsidiary of Sharp," Toshiba said in a press release.

Toshiba started making the first IBM compatible laptop in 1985 and called it the T1100.

It became one of the most successful and reliable manufacturers of computers and quickly set the benchmark for the laptop industry.

Leading in innovation with internal rechargeable batteries, an LCD screen, a 3.5-inch floppy drive, and compatibility with IBM computers.

The Satellite Pro Group in particular has evolved into a leader in the emerging market for high-end personal computers, which competes with competitors such as the IBM ThinkPad series.

With the PC market shrinking by a third in recent years and the high-end PC market developing into designs like (Ultrabook) backed by Apple, Dell, HP and Lenovo, Toshiba's PC business operations shrink and the company pulls out of the market.

In 2015, the company began to outsource production of notebook computers, and in 2018 the company sold 80% of its PC business to Sharp for just $ 36 billion.

Sharp has since renamed its product line (Dynabook) and continues to use old Toshiba brands such as Toshiba (Portégé) and Tecra to sell their products.

Toshiba dominated the laptop market for most of the 1990s and 2000s and was overall among the top five computer manufacturers.

Toshiba confirmed this week that it sold the remaining 20% ​​of its shares to Sharp on June 30, 2020. The value of this deal is not yet known, but Toshiba has withdrawn from the PC market permanently.

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