eNotebooks - Page 2

E Ink Holdings estimates that its 2018 revenues will be little changed from its 2017 revenues (of about $495 million) as growth in ESL and e-notebook revenues will offset the decline in e-reader demand.

E Ink says that its e-reader customers are "adjusting their product portfolios to changing demand" in 2018 - which reduces demand for new devices and thus demand for its e-reader E Ink displays. Next year, however, e-reader market growth is expected to resume.

E Ink Holdings (EIH) reported its financial results for Q3 2017, with revenues of $158.8 million (up 7.8% from Q3 2016 and 29.8% from Q2 2017) and a net profit of of $38.8 million.

E Ink says that these excellent results were due to a sharp increase in e-reader and e-paper notebook sales and improvements in operation efficiency and production yields. E-reader and notebook sales accounted for 70% of EIH's revenues.

In April 2017, E Ink Holdings and Sony Semiconductor Solutions announced a joint venture with an aim to develop, manufacture and market products that use e-paper displays. E Ink now reveals that the JV, called Linfiny, will officially commence operations towards the end of 2017.

Linfiny will focus, at least initially, on e-paper notebook products. Linfiny was setup with an initial capital of $13.9 million. Sony and EIH together hold 70% with the rest of the investment coming from venture capital funds. Linfiny aims to develop solutions that will shorten the time-to-market for its clients - it will not produce its own devices.