Toshiba Officially Quits Computer Business After 35 Years

Tech World

Aug. 11, 2020, 1:24 p.m.

The Japanese multinational conglomerate, Toshiba, has officially quit after a 35 year run in the laptop business.

The company sold 80.1% of its PC business to Sharp, the Japanese multinational corporation known for its electronic productions for $36 million two years ago.

Sharp renamed the division Dynabook and in June exercised its rights to buy the remaining 19.1% of the outstanding shares.

Just a week ago, the company made a statement that the deal was completed. In the statement Toshiba announced that it has transferred its outstanding shares of 19.1% it held in Dynabook Inc to Sharp Corporation.

As a result, Dynabook has become a wholly-owned subsidiary of Sharp.

The company made its first laptop debut in 1985 with the T1100, and it was later on described as the world’s first mass-market laptop computer.

It did not have a hard drive, and it ran entirely from floppy disks. It was followed by the T1000 and T 1200 in 1987 it had limited floppy-based DOS machines, with the operating system stored in ROM.

The Toshiba models were small and light enough to be carried in a backpack and could be run from lead-acid batteries. They also introduced the now-standard ‘resume’ feature to DOS-based machines and the computer could be paused between sessions without having to be restarted each time.

According to Reuters, Toshiba was among the top ten PC manufacturers around the ’90s and early 2000. At the time it decided to sell its stake to Sharp, Toshiba’s share of the PC market had decreased from its 2011 peak of 17.7 million PCs sold to about 1.4 million in 2017.

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Verny Joy Author

Verny loves to write poetry, fiction and quotes. Her love for writing landed her in journalism. She loves gadgets and travelling to explore new places.