E Ink Holdings says business is recovering gradually from an inventory correction cycle. Demand for E Ink displays has risen, mainly due to the adoption of new color EPD displays for e-readers and electronic shelf labels (ESLs). The company believes that the first quarter of 2024 will be its lowest point in the year, and revenues will start rising in Q2 and onwards.
E Ink further says that many ESL customers are expected to increase orders in the third quarter of 2024, and a large retailer in North America has started replacing paper labels with ESLs. This could be Walmart as we published last year.
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Posted: May 03,2024 by Ron Mertens