Toshiba, creator of the first PC-based laptop, exits the laptop business

Joanna Estrada
August 11, 2020

In a rather brief press release, the company says they have transferred their shares in Dynabook to Sharp.

Toshiba, one of the pioneers in the portable computer space, has quietly exited the PC industry after transferring its remaining minority 19.9% stake in its PC business to Sharp. TCS changed its name to Dynabook in January 2019. It said that Sharp had exercised its right to buy the remaining shares of Dynabook held by Toshiba in late June, and it had completed procedures for their transfer.

This announcement is an end to Toshiba's 35 years in the laptop business.

As indicated above, Toshiba has a long history in laptop making and some will consider a shame to see it gone without so much as a ripple in the news.

Toshiba's first PC laptop, the T1100 was made in 1985 boasting internal rechargeable batteries, a 3.5-inch floppy drive and 256k of memory. The Osaka-based electronics maker will be able to use the scale of parent Foxconn (which owns 66% of the company), the world's biggest contract manufacturer, to produce PCs more cheaply - just as it has done with TVs. There was a time you could easily get a Toshiba laptop in Kenya and people would prefer them over HPs and Dells. The rise of Dell, HP, and Lenovo especially on the PC front in the 2010s meant Toshiba eventually became just another brand.

Toshiba's latest decision comes almost two years after it sold 80.1 percent shares of Toshiba Client Solutions to Sharp in June 2018 for just $36 million.

Other reports by Click Lancashire

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