Japanese multinational conglomerate; Toshiba, has now left the laptop business after 35 years, making it known that it will no longer be engaged or involved in the manufacturing of laptops.
The tech giant also revealed that it has transferred the remainder of its shares in the PC business, to major Japanese multinational corporation; Sharp, which specializes in manufacturing and designing electronic products.
The company (Toshiba), revealed that it has already handed over its 19.9 percent of outstanding shares in Dynabook (which is its laptop manufacturing arm), to Sharp.
With this move, Dynabook is now completely owned by Sharp.
Sharp reportedly paid a total of 27 million pounds (3,828,316,549 billion Kenyan Shillings).
In 1985 Toshiba took everyone by storm when it made the world’s first ever personal computer (PC), called the T1100. According to Computing History, the T1100, had an internal memory of 256K, rechargeable batteries and a floppy disk drive.
The T1100 however, was far from a sure success partly because a number of experts and tech enthusiasts alike felt its launch was ahead of its time, Toshiba’s, unorthodox use of a 3.5-inch floppy disk as opposed to the more popular 5-inch variant and the T1100’s price point which many saw as expensive.
The T1100 which was exclusively released in Europe went on to be a huge success, proving skeptics wrong.
But although Japanese multinational conglomerate; Toshiba was a leading pioneer in the computer industry, the tech giant still suffered a number of losses (about 4.2 billion Pounds) in the nine (9) months ending on the 31st of December 2017, making the continuation of its personal computer business come under questioning.
In 2013 Toshiba sold 17.7 million personal computers, but according to Reuters, in 2019 the number dropped to a shocking 1.4 million units.
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