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Toshiba exits laptop market, sold the remaining stake to Sharp

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Toshiba officially ended its laptop business on August 4 last week by transferring its remaining minority stake to Sharp. The move ended the company's 35-year run in the PC market.
Toshiba exits laptop market, sold remaining stake to Sharp
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Dynabook has become a wholly-owned subsidiary of Sharp

To recall, Toshiba sold 80.1 percent of its PC business to Sharp for 36 million. Sharp the rebranded the division to Dynabook. Back in June, Sharp exercised its right to buy the remaining 19.1 percent share.

When Toshiba sold its stake to Sharp two years ago, Toshiba's PC market sales has dropped from 17.7 million in 2011 to about 1.4 million in 2017.

In a statement, Toshiba said that Dynabook has become a wholly-owned subsidiary of Sharp.

Toshiba made its first PC laptop in 1985 - the T1100 with internal rechargeable batteries, a 3.5-inch floppy drive, and 246K of memory. It sold for USD 2,000.

Toshiba's success in the market was during the 1990s and early 2000s.

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Via: The Verge
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