E Ink Holdings Inc (元太科技) said yesterday it expected revenue to expand further in the second half of this year from the first half.
“The company’s revenue in the second half will grow significantly from the first half as the company’s main products are mostly used in consumer electronic products,” chairman Scott Liu (劉思誠) told investors yesterday.
Liu said it was also because of seasonal factors, with E Ink’s shipments in the second half generally higher than the first half.
In addition, clients in North America will continue to roll out new products in the second half and next year, which will contribute to the stability of demand for e-book readers in this region, Liu said.
For example, Barnes & Nobles Inc’s new e-book readers released in May were sold out within two weeks, he added.
In Europe, most publishers and physical bookstores have been gradually joining the trend toward digital reading while there have been a lot of exciting developments in Japan within the sector, Liu said.
Rakuten Inc, a Japanese electronic commerce and Internet company based in Tokyo, rolled out its e-book readers last month with shipments of 100,000 units, Liu said.
Liu also said that Amazon.com Inc chief executive officer Jeff Bezos said in an interview with Japanese media that Kindle would enter the Japanese market this year.
“We were also surprised by Russian and Middle Eastern markets because demands in these two regions were higher than we expected, which will be a driver for our growth in the future,” he said.
The company yesterday released its second-quarter results, showing a net loss of NT$818 million (US$23.2 million) in the quarter, or a net loss per share of NT$0.76, which was larger than its net loss of NT$787 million, or a net loss per share of NT$0.73, in the first quarter.
On a yearly basis, E Ink reported a net profit of NT$1.33 billion, or earnings per share of NT$1.22, last year, the company’s data showed
Consolidated revenue was NT$4.48 billion last quarter, up 17 percent sequentially, but down 35.35 percent from NT$6.93 billion a year earlier. Gross margin dropped to 0.6 percent from 1.1 percent in the first quarter and 32.5 percent a year ago, the data showed.
To improve profitability, E Ink will focus on applications other than e-books in the future, Liu said, adding that demand from e-tags for convenience stores and supermarkets would explode next year, which would help to drive up growth.
On the buyout of local rival SiPix Technology Inc (STI, 達意科技), a deal the company announced on Friday last week, Liu said E Ink had reached agreement with three major shareholders to acquire 82.7 percent of the company and the company’s goal is to now obtain a 100 percent stake by the end of this year.
“STI owns more than 200 patents globally,” Liu said. “After incorporating STI’s technology, E Ink will have broader applications in e-paper technology and patents, which will help our performance.”
As Google expands its footprint in Taiwan, it plans to recruit software and hardware talent for its Google Nest smart device team, a chip development team, and teams to support its Pixel and Chromebook products, Google Taiwan said yesterday. Supply chain management talent will also be in demand, the company said at an online event. “There will always be openings for software engineers, hardware engineers and project managers,” Google Taiwan human resources head Vanessa Lu (呂亞樵) said. “The strength of the Taiwanese industry is very clear,” Lu said, adding that the company would continue to invest in Taiwan. Lu also doused some
Apple Inc’s iPhone 13 debut was met with a stock slump on Tuesday, keeping with a tradition of poor share price performance on the day new devices are unveiled. Shares of the technology giant sank after Apple executives, including chief executive officer Tim Cook, presented the new lineup of phones and other devices. The stock fell 1 percent to close at US$148.12 in New York trading. Prior to Tuesday, Apple’s shares fell on three-quarters of the days Apple unveiled new iPhones, data compiled by Bloomberg showed. Excluding Apple’s 8.3 percent rally on the day cofounder Steve Jobs announced the first iPhone in
BEATING SCHEDULE: Government plans are for nacelle assemblies to be totally local from next year, but Orsted Taiwan said that it was going ‘above and beyond’ Wind turbine manufacturer Siemens Gamesa Renewable Energy SA yesterday inaugurated Taiwan’s first nacelle assembly plant at the Port of Taichung, its first assembly facility for offshore nacelles outside Europe. Vice Premier Shen Jong-chin (沈榮津), a long-time champion of Taiwan’s ambitions to become a regional hub in the offshore wind farm industry, described the plant as a “milestone” at a ceremony at the plant. “The completion of Siemens Gamesa’s nacelle assembly plant is a milestone for the development of the offshore wind farm industry in Taiwan and a step toward localizing the supply chain,” Shen said. “This is only the beginning. My great hope
ROBUST DEMAND: 5G, AI and Internet of Things technologies are driving growth and employment, as the company plans a new plant in Hsinchu County Contract electronics manufacturer Wistron Corp (緯創) plans to invest about NT$11.1 billion (US$400.58 million) in Taiwan, in line with its global deployment strategy, the Ministry of Economic Affairs said on Friday. The company’s investment is also a demonstration of robust demand for 5G, artificial intelligence (AI) and Internet of Things applications, the ministry said in a statement. Wistron, spun off from Acer Inc (宏碁) in 2001, is a notebook computer original design manufacturing partner to major PC brands. The company, which is based in Taipei’s Neihu District (內湖), also produces servers, data storage devices, game consoles and communications products for brand clients