Toshiba ends 35-year run in laptop business

  DUBAI – Japanese electronics maker Toshiba confirmed it will stop making laptops after transferring its remaining stake to Sharp. The announcement marks the end of Toshiba’s 35-year run in the laptop business. Toshiba sold 80.1 percent stake in its PC business to Sharp for $36 million (Dh132.12 million). In January 2019, Sharp renamed the division Dynabook. “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,” Toshiba said in a statement. The procedures for transfer was completed in June. Toshiba did not disclose the value of the remaining stake transferred. Toshiba made its first laptop in 1985. The T11000 was a success despite its weight of nearly 4 kilograms and price tag of $2,000. In the 1990s and 2000s, Toshiba was among the world’s top-selling personal computer manufacturers, and had sold 17.7 million PCs at its peak in 2011. ICA/Expat Media
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