Toshiba confirmed this week that it has sold the remainder of its laptops business to Sharp, marking its official exit from the PC market.
After 35 years in this field, Japanese consumer electronics company Toshiba decided to exit the computer hardware industry.
Toshiba said on statement Journalist: “As a result of this transfer, (Dynabook) has become a wholly owned subsidiary of Sharp.”
Toshiba began manufacturing the first IBM compatible laptop computer in 1985, which was called (T1100).
It grew into one of the most successful and reliable computer hardware companies, and quickly set the benchmark for the notebook industry at the time.
It was a pioneer in innovation with features such as internal rechargeable batteries, LCD screens, 3.5-inch floppy drives, and compatibility with IBM PCs.
Its Satellite Pro group, in particular, became a leader in the emerging high-end personal computer market, competing with competitors such as IBM’s ThinkPad line.
With the personal computer market shrinking by a third in recent years and the premium computer market developing into designs like Ultrabook supported by Apple, Dell, HP and Lenovo, Toshiba’s PC business activity began to shrink, and the company started to exit the market.
In 2015, the company began to outsource the production of laptops, while in 2018 it sold about 80 percent of its business in the personal computer field to Sharp for only $ 36 billion.
Sharp has since renamed the product line (Dynabook) and continues to sell the product using earlier Toshiba brands such as Portégé and Tecra.
Toshiba led the laptop market during the 1990s and most of the first decade of the twenty-first century, and is often ranked among the top five computer manufacturers.
Toshiba confirmed this week that it sold its remaining 20 percent stake to Sharp on June 30, 2020, and it is not clear what the value of this deal was, but Toshiba finally exited the PC market for good.