E Ink Makes a Whole Bunch of Money in September

That e-readers are doing well in terms of sales is no mystery, but for those who want to know just what numbers they enable, E Ink published its financial results for September.

Besides tablets, e-readers are among the most successful products of the past couple of years, or longer, since such items have been around for much more time than slates.

When tablets showed up, some people jumped to conclusions and assumed e-reader sales would drop as slates incorporate abilities like theirs.

In the end, though, e-book readers kept selling more and more, being much cheaper and convenient.

The fact that most, if not all, models have music playback support and Internet basically ensured this.

Of course, as they kept selling by the thousands, one company only had to sit back and watch the coins jingle down from above.

Said company is E Ink, whose e-paper display technology is used in pretty much every product of that sort, except the color versions.

In fact, during the month of September 2011 alone, the company attained NT$3.8 billion revenue, which is the same as $126.06 million (91.18 million Euro).

In other words, the company made 44% more money than in August and 143% more than in September 2010.

Considering how weak the global economy is right now, this is quite the accomplishment, especially when considering that not just the E Paper but also the E Ink LCD division grew.

"This year our customers have launched a number of affordable, light-weight eReaders with exciting new feature sets,” said E Ink Chairman Scott Liu. “I anticipate that the eReader will become a best-selling holiday gift this year."

Moving forward, E Ink only expects to keep selling more and more, something that could very well happen thanks to the incoming holiday season. Go here for the full announcement.