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 CNET, Engadget, Huffington Post and Verge.