Japanese tech giant Toshiba has formally announced its departure from the laptop business after a 35-year run.
Last week, the Japanese tech giant said that outstanding shares of Dynabook, 19.9%, are now owned by Sharp.
Two years ago, Toshiba sold an 80.1 percent stake of its PC business to Sharp for $36 million, and Sharp renamed the division Dynabook
Sharp exercised its right to buy the remaining 19.1 percent of shares back in June, and Toshiba released a statement August 4th that the deal was completed
Toshiba’s first laptop, the T1100, launched in 1985. It weighed 4kg (8.8 pounds) and worked with 3.5 inch (8.8cm) floppy disks.
It was launched at first only in Europe with an annual sales target of 10,000 units, according to the Toshiba Science Museum website.
In 2011, the company sold over 17.7 million PCs. However, the sales declined significantly every year since then and Toshiba managed to sell only 1.4 million PCs in 2017.