The End of an Era: Toshiba pulls the plug
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Toshiba, who manufactured and sold its first laptop back in 1985, has left the laptop business once and for all.
Toshiba’s first laptop, the T1100, which sold for $2000 at the time, weighed 8.8 pounds, worked with 3.5 inch floppy disks and had internal rechargeable batteries and 256K of memory.
Throughout the 1990s and early 2000s, Toshiba inhabited one of the top stops in the laptop market with a high of 17 million PCs sold in 2011. However, this dropped off and by 2017, Toshiba had already moved away from making consumer laptops and reported an all time low of 1.4 million sales. Only a year later, Toshiba signed over 80.1% of it’s shares over to Sharp for $36 million, who renamed the division DynaBook.
In June this year, Sharp exercised its right to the remaining 19.9% and, in August 2020, Toshiba quietly left the laptop business with a statement:
“On June 30, 2020, under the terms of the share purchase agreement, Sharp exercised a call option for the remaining outstanding shares of Dynabook held by Toshiba, and Toshiba has completed procedures for their transfer”.