Toshiba wraps up laptop computer enterprise, sells remaining shares to Sharp

Tokyo, August 10

Japanese tech big Toshiba, as soon as well-known for its satellite tv for pc vary of laptops meant for heavy use, has lastly determined to give up the laptop computer enterprise.

Toshiba has quietly offered its remaining 19.9 p.c stake in its Dynabook laptop computer model to Sharp, formally exiting the laptop computer enterprise.

The firm earlier offered the 80.1 p.c stake to Sharp in 2018.

“Toshiba Corporation hereby announces that it has transferred the 19.9 per cent of the outstanding shares in Dynabook that it held to Sharp Corporation. As a result of this transfer, Dynabook has become a wholly-owned subsidiary of Sharp,” the corporate stated in a press release.

Toshiba entered the marketplace for laptops in 1985.

It launched its ‘Satellite’ vary of laptops to tackle IBM’s ‘ThinkPad’ sequence. The firm was outsourcing its laptop computer manufacturing till 2015, although it began manufacturing newer fashions at its facility in China.

During the 1990s and early 2000s Toshiba was among the many prime PC producers, however the development of Lenovo, HP, and Dell made it more durable for Toshiba to proceed its success available in the market.

Toshiba’s share of the PC market had dwindled from its 2011 peak of 17.7 million PCs offered to about 1.four million in 2017. IANS

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