Flash memories are the cause of Creative’s loss

Creative’s quarterly balance sheet hit headlong due to in-house conversions and low prices.

The Singaporean "audio giant" posted a net loss of $114,3 million in the third quarter. We should also mention that the annual sales have also decreased significantly compared to last year around the house of Creative. The company mainly cites the price drop in flash memory and the restructuring of the 3D labs business as the main reasons for the negative balance sheet. Until March 31 - the date of the end of the third economic quarter - Creative's sales balance was only 225,7 million dollars, compared to 333,8 million the previous year, this can be said to be very small, especially in light of the fact that a year ago it was 15,9 million dollars the company made a profit in the given quarter.