After being in the laptop business for 35 years, Toshiba is officially exiting the market following the sale of its minority stake to Sharp. This follows after Toshiba transferred 80.1% of its PC business shares to Sharp in June 2018, leading to Sharp renaming the division as DynaBook in January 2019.
“As a result of this transfer, Dynabook has become a wholly-owned subsidiary of Sharp,” Toshiba said in a statement.
Toshiba is known to launch the first-ever PC laptop in 1985 with the T1100. Priced at around $2000 back then, the T1100 had features like a battery pack, 3.5-inch floppy drive, and 256k memory.
While it was one of the top laptop manufacturers in the 1990s and early 2000s, Toshiba’s PC market share decreased significantly from 17.7 million PCs in 2011 to 1.4 million in 2017.