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I would add that the Kobo firmware can display a LOT of ebook formats, including mobi. On occasion, when using Calibre to convert my books from Amazon's azw to more open formats, it will fail to convert one of my Kindle books into epub or kepub. In those cases, I've been able to use Calibre to make a de-DRM'd mobi file, which my Kobo Clara HD can open and display. Images are not zoomable, and this is a major limitation in my experience.
But if my goal is just to read text, then mobi works fine.
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