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I feel like there are many devices that use a b&w LCD display would be better if they used e-ink. But those LCD displays are undoubtedly a lot cheaper than the e-ink display. Garmin's inReach Mini has a transflective memory-in-pixel display, which is always on. I didn't search for long about it and I don't know if it does grayscale or just b&w. Also, for the GPS market (e.g., Garmin's products), I'd guess that most buyers prefer a color display.
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