WorldWide Tech & Science. Francisco De Jesús.
E Ink Holdings has announced record high sales revenues for September, with September standalone revenues totaling NT$3.8 billion (US$126.06 million), representing a growth of 143% compared to 2010, and a growth of 44% compared to August.
Unaudited revenues for the third quarter totaled NT$8.75 billion, while consolidated quarterly revenues reached NT$10.93 billion. Cumulative consolidated revenues from January to September totaled NT$27.94 billion, which exceeded 2010 consolidated revenues.
Although the global economy continues to be weak, E Ink has seen increases in shipments of electronic paper displays month after month. Customers such as Amazon, Barnes and Noble, Kobo and Sony have released new e-readers featuring E Ink e-paper displays during 2011.
According to a survey by Harris Interactive, one in six US adults have an e-reader, and another one in six plan to buy one within the next six months.
Scott Liu, the chairman of E Ink, commented, "This year our customers have launched a number of affordable, light-weight e-readers with exciting new feature sets. I anticipate that the e-reader will become a best-selling holiday gift this year."
In addition to e-paper display products, E Ink's LCD business has also seen growth, with a major customer recently releasing a price-competitive tablet PC using FFS wide viewing angle technology by Hydis, E Ink's subsidiary in South Korea.
The Company expects tablets and e-readers to be complimentary products, with tablets offering mobile multimedia interactivity, and e-readers offering the paper-like experience and long battery life needed for immersive reading.
E Ink will be showcasing several of the newest e-reader models in their booth at the FPD International show in Yokohama, Japan, October 26-28, 2011.
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