Toshiba officially exits Toshiba laptop market after three decades
One of the major players in the laptop world throughout the past few decades is getting out of the game. Toshiba quietly announced this week that it will no longer be making or selling laptops. The tech company sold the remaining minority stake in its PC business (under the Dynabook name) to Sharp.
It’s a somewhat sad goodbye for a company that played a big role in the PC industry. As Toshiba bids farewell to its laptop business, it is only appropriate to look back at the company’s noteworthy history.
T1100 Sets the Standard
Toshiba helped revolutionize the laptop market early on when it released the T1100 all the way back in 1985. Although there were other PCs available at the time, many experts say that Toshiba’s offering sparked a major growth spurt for the industry.
It’s a little strange that Toshiba’s press release didn’t receive more attention. However, it appears that the company had no intention of making waves with its exit from the PC world.
The short and pointed release stated the facts of the transaction without any extra fluff. Toshiba transferred the remaining 19.9 percent of its shares in Dynabook to Sharp. It said, “As a result of this transfer, Dynabook has become a wholly owned subsidiary of Sharp.”
Toshiba’s release was published on August 4. However, the company noted that the transfer was initiated on June 30 when Sharp “exercised a call option for the remaining outstanding shares of Dynabook.”
For Toshiba, saying goodbye to the laptop world doesn’t appear to be difficult. Even so, anyone using a laptop today has the company to thank for its contributions to the industry over the past several decades.