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It has been 12 years since the original Sony e-ink ebook reader and while the screen has increased in resolution and illumination is now common the format has changed very little. Improvements in the operating system, addition of touch screens and added fonts and font sizes have happened but the basic hardware is unchanged so far. Any huge changes coming? IMO dependent on what display technology develops. Love to see a display as high contrast in sunlight as e-ink but in color. Put that on a smart phone or tablet and it might displace the e-reader.
To me though one major disadvantage of the smart phone is the ridiculous prices they are going for. A $1000 iPhone is to me highway robbery as I bet actual manufacturing cost is in the $50 or so range for direct parts and labor.
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