Press Release
E INK NOVEMBER CONSOLIDATED REVENUES GROW 9% COMPARED TO 2010
HSINCHU, Taiwan, December 7, 2011 – E Ink® Holdings, the leader in electronic paper display technologies, announced today that its November consolidated sales revenues reached NT $3.566 billion, representing a growth of 9% as compared to that in 2010, and a decrease of 33% as compared to sales during October. Accumulated consolidated sales revenues from January to November totaled NT $36.836 billion, representing a growth of 71% over the same period in 2010.
"In response to customer demands, E Ink pre-shipped a portion of November orders in October, which contributed to the fact that November sales revenues were lower than earlier expectations," said Scott Liu, Chairman of E Ink. "By the end of November, E Ink has fulfilled all the shipping needs from customers for the holiday season. We expect the annual shipment of EPD to be in line with our projections and we continue to be optimistic about the markets of eReaders and tablets."
According to Juniper Research's new report 'Mobile Publishing: eBooks, eMagazines & eNewspapers for Smart Devices', growth in the digital publishing market will drive the sales of eReader devices, with eBooks representing 30 percent of all downloads by 2016. They project the market value in 2016 to total 9.7 billion USD. Jon Peddie Research (JPR), projects that in 2016 the annual shipment of eReaders will reach 100 million units.
Shipment in November of FFS displays remained strong. "Our key customer had an outstanding sales performance for both ebook readers and tablets during Black Friday," said Scott Liu. "This will help boost sales during the holiday season." The customer has reported that sales during Black Friday grew four times as compared to 2010.
About E Ink Holdings
Founded in 1992 by Taiwan's leading papermaking and printing group YFY (1907.TW), E Ink Holdings Inc. "E Ink" (8069.TW) is the pioneer of TFT and ePaper business in Taiwan. Its corporate philosophy aims to deliver revolutionary products, user experiences, and environmental benefits through advanced technology development. This vision has led to its continuous investments in the field of ePaper display as well as its 2008 acquisition of Hydis Technologies, manufacturer of the world's best wide viewing angle LCDs and its 2009 acquisition of E Ink Corp., the worldwide leader in ePaper. Listed in Taiwan's GreTai Securities Market and the Luxembourg market, E Ink is now the world's largest supplier of displays to the eBook market. For corporate information, please visit www.einkgroup.com; for EPD information, please visit www.eink.com / tw.eink.com; and for FFS information, please visit www.hydis.com.