Tech & Gadgets

Toshiba Is Stepping Out Of The Laptop Business After 35 Years

The Japan company, Toshiba, has announced that they will no longer make laptops after more than three decades in the business.

On August 4, Toshiba transferred its last outstanding share in Dynabook Inc., its laptop computing arm, to Sharp, another Japanese electronics corporation.

Sharp bought 80% of Dynabook in 2018 for $36 million. With this final transfer of the last 19.9% of Dynabook shares.

“Dynabook has become a wholly-owned subsidiary of Sharp,” according to a Toshiba statement.

Toshiba has always been a solid contender for personal computing. Its first 8-pound laptop launched in 1985, Toshiba was one of the biggest PC manufacturers in the early 2000s.

However, continual innovations in the competition put Toshiba’s laptop creation in danger, with financial instability and low sales that push the company closer and closer to the red. After a loss of about $318 million in 2015, Toshiba focuses on the hardware business leaving the consumer market behind.

The purchase was apart of Sharp’s rights in the 2018 deal that saw Toshiba’s PC business renamed to Dynabook Inc.

2017 is when numbers reported hardware sales of less than 1.9 million units. This forced Toshiba to sell its personal computing arm to Sharp. With the company gaining an 80.1 percent stake in Toshiba’s laptop manufacturer, Sharp was also given the chance to purchase Toshiba’s remaining shares, which it exercised in June 2020.

This is only for Toshiba’s laptop creation which the rest is still carrying on.

Picture: BBC

Source: Digital Trends 

Adib Mohd

Recent Posts

Stranger Things Returns This November And the Upside Down Is Bringing New Secrets With It

Hey creepaholics, the nightmare society is calling for backup!  November is coming to turn your… Read More

1 day ago

HABIB x Zoo Negara Unveil Limited-Edition Gold Wafers Celebrating Malaysia’s Wildlife Heritage

Calling for gold keepers! On October 24, HABIB will launch its exclusive Limited Edition HABIB… Read More

1 day ago

A Season of Sparkle: Carlo Rino Wraps Up 2025 With Joy, Nostalgia & Everyday Luxury

A Season of Sparkle: Carlo Rino Wraps Up 2025 With Joy, Nostalgia & Everyday Luxury… Read More

1 day ago

Beneath the Armor: Men’s Hidden Battle With Mental Health

Beneath the Armor: Men's Hidden Battle With Mental Health “Therapy? No, I don’t need therapy,… Read More

2 days ago

Carolina Herrera Dares the Good Girl to Move in Audacity!

A touch of elegance, a scent of confidence. Carolina Herrera and Swarovski will bring light… Read More

2 days ago

Lights, Culture, and Celebration: Deepavali Shines Bright at Sunway Lagoon and Lost World of Tambun

Lights, Culture, and Celebration: Deepavali Shines Bright at Sunway Lagoon and Lost World of Tambun… Read More

2 days ago

This website uses cookies.