E Ink reported their quarterly results - sales dropped 46% compared to last year, and the company's net loss was $33.6 million. E Ink expects e-reader sales in 2013 to be between 10 to 15 million (the same as in 2012).

In 2011, around 30 million e-readers were sold. Back then analysts expected the market to grow (IDTechEx's "conservative" estimate was that it will grow to 60 million units in 2015) as nobody expected the tablet market to take over reading from e-readers. I still think one of the biggest problems in the e-reader market is that e-readers didn't really change in past years. Even the old Kindles offer a great reading experience and there isn't any compelling reason to upgrade. That's actually very good for everyone (Us consumers, Amazon who makes money from books and not e-readers, and mother earth) - except E Ink themselves, of course.

Source: 
Tags: