Toshiba broadcasts exit from laptop enterprise, sells Dynabook shares to Sharp

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Japanese tech big Toshiba, one time well-known for its satellite tv for pc vary of laptops meant for heavy use, has lastly determined to stop the laptop enterprise. The firm has quietly offered its remaining 19.9 per cent stake in its Dynabook laptop model to Sharp, formally exiting the laptop enterprise.

The firm earlier offered the 80.1 per cent stake to Sharp in 2018.

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“Toshiba Corporation hereby broadcasts that it has transferred the 19.9 per cent of the excellent shares in Dynabook that it held to Sharp Corporation. As a results of this switch, Dynabook has change into a wholly-owned subsidiary of Sharp,” the corporate stated in a press release.

Toshiba entered the marketplace for laptops in 1985.

It launched its ‘Satellite’ vary of laptops to tackle IBM’s ‘ThinkPad’ sequence. The firm was outsourcing its laptop making till 2015, although it began manufacturing newer models at its facility in China.

During the 1990s and early 2000s Toshiba was among the many high PC producers, however the development of Lenovo, HP, and Dell made it harder for Toshiba to proceed its success available in the market.

Toshiba’s share of the PC market had dwindled from its 2011 peak of 17.7 million PCs offered to about 1.four million in 2017.

[Attribution Business Standard.]

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