The Japanese giant Toshiba has sold its final shares of the company, which means that the firm is no longer connected with making PCs or laptops.

Sharp corporation bought 80% of Toshiba’s personal computing shares in 2018 for $36 million and has now bought the remaining shares, Toshiba said in a statement.

Toshiba made its first laptop, the T1100, which was launched in 1985. It weighed 4kg (8.8 lbs) and worked with 3.5 inches (8.8cm) floppy disks.

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The laptop was launched only in Europe at first with an annual sales target of 10,000 units.

In 2011, Toshiba sold more than 17 million PCs but by 2017 this had fallen to 1.9m.

In 2016, it had ceased making consumer laptops for the European market and focused only on hardware production for businesses.

Recent years have been difficult for the company. In 2015, the firm posted a full-year loss of $318 million.

That same year its president and vice-president resigned after an independent panel found the company had overstated its profits for the previous six years.

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

During the 1990s and early 2000s, Toshiba was among the top PC manufacturers, but as more players crowded into the market and with fewer unique features to offer, Toshiba’s laptops faded in popularity.

By the time it sold its stake to Sharp, Toshiba’s share of the PC market had decreased from its 2011 peak of 17.7 million PCs sold to about 1.4 million in 2017, according to Reuters.