09 Aug Toshiba leaves the computer business after 35 years
After 35 years of operation, the Japanese consumer electronics firm Toshiba has agreed to abandon the PC market. According to a press release from the firm, the remaining 19.9 percent of the equity it had in the laptop market have now been sold to Sharp, who had already acquired a controlling interest of 80.1 percent back in 2018 at USD 36 million.
Until then, the PC-making division has been working under a new brand named Dynabook. The existing stock in Toshiba was transferred as part of a share purchase deal concluded at the time of the 2018 transaction. Toshiba introduced the first integrated IBM notebook in 1985. Dubbed the T1100, it soon set the benchmark for the laptop market at the time, leading creativity with features such as internal chargeable batteries, Led displays, 3.5-inch disk drives and IBM-compatibility. As a piece of state-of-the-art technology more than three decades ago, the laptop held 256 KB of memory, an LCD screen with a resolution of 640×200, a floppy disk drive that backed 640 KB and 720 KB disks, and weighed 12 inches by 12 inches in height, weighing nine pounds. The price tag was almost as high, coming in at $2,000 USD.
Since then, Toshiba has driven a significant part of the laptop market in the 1990s and 2000s, but gradually lagged behind its rivals including Apple, HP , Dell and Lenovo in recent years, triggering the selling of the product to Sharp. – Adapted from Hypebeast