Toshiba left the laptop business once and for all last week, ending a 35-year run by transferring its remaining minority stake in the PC business to Sharp. Two years ago, Toshiba sold an 80.1 percent stake of its PC business to Sharp for $ 36 million, and Sharp renamed the division Dynabook. Sharp exercised the right to buy the remaining 19.1 percent of the shares in June and Toshiba released a statement on August 4 that the deal had been completed
“As a result of this transfer, Dynabook has become a wholly owned subsidiary of Sharp,” Toshiba said in a statement.
The company made the first PC laptop in 1985: the T1100 had internal rechargeable batteries, a 3.5-inch floppy drive, and 256K memory. ComputerWorld’s 20-year retrospective of the T1100 notes that Toshiba executives were unsure about the portable computer, but eventually got to the case and started selling the T1100 for about $ 2,000.
In the 90’s and early 2000’s was Toshiba one of the best pc manufacturers, but as more players entered the market and fewer unique features to offer, the popularity of Toshiba’s laptops declined. By the time it sold its stake to Sharp, Toshiba’s share of the PC market had fallen from its 2011 high of 17.7 million PCs sold to around 1.4 million in 2017, according to Reuters.