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.
Source: Digital Trends