E Ink downgrades its revenue growth forecast - Taipei Times

E-PAPER TRANSITION:

Increasing memory prices have caused customers to postpone new product launches, with the firm expecting a later peak season this year

By Lisa Wang / Staff reporter

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E Ink Holdings Inc (元太科技), the world’s biggest e-paper display supplier, yesterday revised downward its revenue growth forecast for this year to between 10 and 15 percent, from the 20 to 25 percent it previously estimated, as surging memory prices are hurting demand for its e-readers and e-notes.The company had expected a transition from monochrome color e-paper displays to color displays used in e-readers and e-notes to continue this year.However, rapidly increasing memory prices have caused customers to postpone new product launches, while demand for models from previous generations has also dwindled due to higher prices, E Ink said.