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Life is good for E-Ink Holdings, which according to a DigiTimes report just recorded record net profits of more than $22 million in the third quarter, and things will only get better from there.
E-Ink chairman Scott Liu adjusted his company's forecast for 2011 and now predicts global eBook reader sales will top 20-25 million, up from his original prediction of 18 million units. That's a big jump from 2010, which is on pace to record 10 million eBook reader devices shipped.
Despite the success of Apple's iPad and impending avalanche of tablets, E-Ink seems to benefiting from the recent price war that erupted in the eBook market. Amazon, who's revamped Kindle sells for as little as $140, recently announced record sales for its eBook reader, and we haven't even begun the holiday shopping period yet.
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