E Ink Reports Sales Are Down 46% YOY For The Quarter
E Ink is best known for designing the displays for the Kindle and the Sony Reader. E Ink has reported their quarterly earnings and sales are down 46% year-per-year with a net loss of $33.6 million. This is not E Ink’s first net loss, but it is their largest in four years according to TechCrunch. E Ink is also expecting e-reader sales to range at between 10 and 15 million for 2013, which is about the same as last year.
E Ink’s e-paper displays represent around 70% of their overall revenues. E Ink is known for requiring very little power and for being easier on the eyes, especially in the sun.
E Ink saw a slower quarter because e-reader companies are updating their product lines for the third quarter, which is one quarter later than usual.
E Ink is expecting to have a better quarter during the holiday season. The company is also seeing a lot of growth in Russia and Asia.This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at +AmitChowdhry