E Ink made a lot of money over the past three years, riding the momentum of the e-reader market that used its e-paper display technology extensively.
Said momentum has been spent, however, which means that E Ink isn't making much money anymore.
In fact, according to Digitimes
the company's revenues for the month of February, despite increasing 33% on year, decreased 44% on month.
That put the total sum of money at NT$1.431 billion, which corresponds to US$48.2 million and €37 million.
On that note, the entire first quarter is set to bring a drop of 30-40%.
Tablets with LCD screens have been getting really popular, harming the market share of e-paper gadgets.
There might be a rebound in the second half of the year though, when the YotaPhone is released (smartphone with electrophoretic display / EPD).