The Japanese conglomerate, Toshiba has put an end to the computer business by selling its remain 19.9 percent stake in its Dynabook laptop brand to Sharp. Toshiba through a brief press made public on August 4 declared the transfer of remain shares of Dynabook in its custody to Sharp.
Toshiba had sold 80.1% of the laptop company unit to Sharp in 2018 for $36 million and retained the 19.9% of the share. Dynabook is a Japanese personal computer company that was owned by Toshiba from 1958 to 2018. In 2018 it became 80.1% owned by Sharp Corporation. Currently, the complete move of the laptop business to Sharp makes Dynabook a wholly-owned subordinate of Sharp.
Toshiba in its statement on June 30, 2020, that, Sharp exercised a call alternative for the remaining outstanding shares of Dynabook and Toshiba didn’t take much time in executing the process of transfer.
Toshiba had stayed in the personal computer industry for more than 35 years, which is more than three decades and a half. Its first laptop computer was T1100 launched in 1985. As at the time of its launch was the first IBM-compatible laptop computer.
It boasts a 640×200 pixels LCD screen, 3.5-inch floppy drive, internal rechargeable batteries, 256K memory.
As specially reported by Computer World in 2005 notes that Toshiba’s executives were first hesitant to bring this computer to the market but finally they effectively delivered it to the retail store.
As reported by the Register, Toshiba led the laptop market throughout the 1990s and early 2000s. Toshiba was frequently ranked amongst the top five first PC vendors. The tech site pointed out rivals like Apple, HP, Lenovo, and Dell are better than Toshiba with their better contributions and this brought a terrific decline in the growth of the Toshiba business.
Factors that haul the graph of Toshiba’s PC business downward are not identified but experts think them to be several, together with media-centric laptops whose key feature became useless as soon as Blu-ray and streaming took over.
Toshiba has sold a big part to Sharp but they still offer many different categories like storage and printing, for which it will be remembered henceforth.
We love to hear back from you, please comment below and share.
