The world’s largest e-reader display manufacturer posted record high results last quarter, and declared that e-reader devices are “recession-proof” in the run up to the holiday season.
E-Ink Holdings, which produces the displays used in 90 percent of the world’s e-readers, has reported growth of 20.6 percent from the second quarter, hitting $74.5 million.
According to the Taipei Times this pushed net profits for the whole of the year to $174.3 million, meaning an 18.8 percent increase from the same point last year. This meant the firm notched up record earnings of $0.161 (NT$4.86) per share.
Chairman Scott Liu said that the figures show that growth will continue in the run up to Christmas.