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Toshiba Shuts the Lid on Laptops

Posted on the 10 August 2020 by Thiruvenkatam Chinnagounder @tipsclear
Toshiba shuts the lid on laptops

Japanese giant Toshiba has sold its final stake in personal computer maker Dynabook.

It means the company no longer has any ties to building a PC or laptop.

Sharp bought 80% of Toshiba's personal computing arm in 2018 for $ 36 million (£ 27 million) and has now bought the remaining stock, Toshiba said in a statement.

Toshiba's first laptop, the T1100, was launched in 1985. It weighed 4 kg (8.8 lbs) and ran on 3.5-inch (8.8 cm) floppy disks.

It was initially launched in Europe alone with an annual sales target of 10,000 units, according to the Toshiba Science Museum website.

In 2011 Toshiba sold more than 17 million PCs, but by 2017 this had dropped to 1.9 million, according to Reuters.

In 2016 it had stopped making consumer laptops for the European market, focusing only on hardware for business.

The past few years have been tough for the conglomerate - in 2015, the company posted a full-year loss of $ 318 million.

That same year, its president and vice president stepped down after an independent group found that the company had overstated its profits for the previous six years.

In 2019, it closed its NuGen nuclear business in the UK after failing to find a buyer.


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