In the early 2000s, I remember buying a used Toshiba laptop Windows computer that was slim and very compact for the time.
Except that today, Toshiba is just a shadow of itself. According to the BBC website, its laptop computer sales, which reached 17 million units in 2011, fell to just 1.9 million in 2017 – which gives us an idea of its rapid decline.
An inevitable fall that led the Japanese conglomerate to asset sales and restructuring.
In June 2018, competitor Sharp bought 80% of Toshiba Clients Solutions (TCS) for US $ 36 million and then, recently this month, got hold of the remaining 20%.
Still according to the BBC, “only laptop computer manufacturers like Lenovo who have managed to cut costs or like Apple, which is at the top of the range, have been able to maintain themselves in a very competitive market where sales have continued to decline over the years. after year ”- except for the last few months when the pandemic has pushed people to telecommute.
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The A300 Satellite Computer
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2015, the accounting scandal
A long-standing tech company with sprawling activities, the Toshiba conglomerate is a household name in Japan and seen as a symbol of the country’s technological prowess, although its reputation was heavily tarnished in the wake of the 2015 accounting scandal and bankruptcy. of Westinghouse in 2017, whereby it had to shed a myriad of valuable and underperforming businesses, essentially eradicating the company’s century-old presence in consumer markets.
That year in 2015, its chairman and vice chairman resigned after an independent committee found that the company had overestimated its profits for the previous six years.
Now Dynabook
Now that the multinational Sharp owns 100% of the shares, the TCS company is renamed Dynabook, a trademark that Toshiba had previously used in Japan, which will be used in the sale of laptops.
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