Toshiba shuts down laptop business.

Japan’s leading technology company Toshiba has officially announced that it will not manufacture laptops and computers after selling all its shares. In 2018, Sharp, a Japanese company, bought 80% of Toshiba’s computer and laptop manufacturing shares for 36 million dollars.

Toshiba has since issued a statement stating that Sharp has bought the remaining 20% of Toshiba’s shares. Toshiba introduced its first T1100 laptop in 1985, which weighed 4 kg and had a 3.5-inch floppy disk.

Toshiba sold more than 17 million computers in 2011, but sales fell to just 1.9 million in 2017.

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