E Ink, the company responsible for the e-paper displays found on the Amazon Kindle, Nook and Kobo’s of the world has just reported a $8.34 million loss in the first quarter of 2016.
E-paper displays for e-readers accounts for 70 percent of E Ink’s total revenue, with about 30 percent from e-papers for e-tags used in luggage and retailers’ shelves and LCD panels, the company said.
One of the big problems with E Ink technology is how expensive it is to manufacture and the costs are significantly higher than developing products that employ LCD, LED and OLED.
E Ink has been making operating losses over the past two years, except reporting an operating profit of NT$354 million in the third quarter last year.
Michael Kozlowski is the Editor in Chief of Good e-Reader. He has been writing about audiobooks and e-readers for the past ten years. His articles have been picked up by major and local news sources and websites such as the CBC, CNET, Engadget, Huffington Post and the New York Times.