e Ink Holdings, the company chiefly responsible for developing the screen technology found on Kindles, Kobos and Nook e-Readers just released their financial earnings from the last quarter. The company has garnered over 15.5 million in profit, which is a bright turnaround from recent quarters where they last over 33 million. e Ink has turned their fortunes around with digital signage and major vendors are turning to them for their low-powered needs.
E Ink invested millions into research in development and developed a number of new technologies such as Carta, Regal and Mobius. They recently shuttered their corporate headquarters and RND centers, electing to put everyone under one roof.
e-Readers still represent the lions share of the companies profit and their customers are confident about the growing popularity of e-readers ahead of the Christmas season, as a survey by the US Pew Research Center showed an increase in e-reader penetration from 19% to 24% this year, with the trend likely to spread to other parts of the globe. New devices such as the Paperwhite 2, Kobo Aura and Nook Glowlight 2 are predicted to sell very well in international markets.
All eyes are on the new Flexible Sony e-Reader due to be released in Japan on December 3rd. This stems from a year long partnership between Sony and e Ink who worked on the technology together.
Aside from all the new hardware coming out, e Ink is is bullish about digital signage, smartwatches, phones, luggage tags and price displays in the local grocery store. There isn’t much profit from this yet, but their goal is to have 1% of the worldwide signage market by next 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.