Toshiba is officially quitting the laptop business for good. The company originally sold the majority of its stake two years ago to Sharp, who later renamed the division as Dynabook.
“Toshiba Corporation hereby announces that it has transferred the 19.9% of the outstanding shares in Dynabook Inc. that it held to Sharp Corporation,” the company wrote in a press release.
“As a result of this transfer, Dynabook has become a wholly-owned subsidiary of Sharp.”
Toshiba’s exit ends the company’s 35-year run in the laptop business. The remaining stake is now being transferred to Sharp.
Its laptop business peaked in the 1990s and early 2000s, being ranked among the top manufacturers. Toshiba reached its peak in 2011 when it sold 17.7 million PCs. But as Reuters reports, Toshiba’s laptop business has continued to decline since that time to selling 1.7 million units in 2017.
Currently, Toshiba can’t be found anywhere in the market share rankings, as its name is buried deep among the “others” category.
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