Creative Labs Sale!
creative labs sale!
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Saturday, September 20, 2014

US Exclusive: Creative Labs Discount Coupon Code




If you are thinking of getting a Creative product, then use our EXCLUSIVE and working coupon code for Creative Labs and Cambridge SoundWorks. We make it a duty to update you with the latest Creative's discount coupon so that you can save some money!

Please click the links below to activate the discount coupon

ONE WEEK ONLY till 6 Feb! Save 40% on a Refurbished Sound Blaster Tactic3D Alpha Gaming Headset! Only $29.99! Plus Free shipping.

ONE WEEK ONLY till 6 Feb! Save 29% on a Refurbished Sound Blaster Tactic3D Sigma Gaming Headset! Only $49.99! Plus FREE Shipping.

ONE WEEK ONLY till 6 Feb! Save 43% on a Refurbished Sound Blaster X-Fi Surround 5.1 Pro USB Sound Card. Only $39.99. Plus Free shipping.

ONE WEEK ONLY till 6 Feb! Save $40 on a Refurbished Sound Blaster X-Fi Titanium HD PCIe Sound Card. Only $99.99. Plus FREE Shipping.

Till 6 Feb! Draco HS 850 Gaming Headset @ 21.99! Get absorbed in the game! Plus Great Savings @ Creative OUTLET

Save NOW! Only $174.98! ZEN Touch 2 Bundle. ZEN Touch 2 8GB GPS/16GB with a D100 Portable Bluetooth Speaker. Coupon code: 33ZT2D10

ZiiSound D3x Wireless Bundle! Only $259.98! Save $40 when you buy a ZiiSound D3x Speaker with a DSx Subwoofer. Use coupon code MDLRD3XS

EXCLUSIVE Sale!till 31 Jan Save 40% on Aurvana In Ear 2 Headphones. Only $59.99. Use coupon code 40FFAUR2. Plus Free Shipping!

EXCLUSIVE!till 31 Jan Save 30% on HS-1200 Wireless Gaming Headset! Only $55.99. Use coupon code: 30HS1200. Free shipping.

EXCLUSIVE Sale!till 31 Jan Save 30% on WP-300 Bluetooth Wireless Headphones Only 55.99! Use coupon code EXCLU300. Free Shipping!

Only 5.99! Creative Live! Cam Video IM. The only way to chat online! Free shipping.

Only 4.99! Creative Webcam Vista. Web chatting never looked so great! Free shipping!

Creative Live! Cam Notebook Pro Webcam! Only 7.99! The best laptop companion! Free shipping.

Gaming Headset Draco HS-850 NOW only 24.99! Let the battle begin! Free shipping.

Refurbished Sound Blaster X-Fi XtremeGamer only 19.99! Hear the difference of quality sound! Free shipping.

As always, most of them comes with free shipping!
Hurry! Forward these coupon codes to all your friends and remember to key in these codes when you checkout online.
Don't miss it!

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Thursday, February 2, 2012

Creative Q02FY12 Loss US$33.9 Million



Creative is still bleeding after so many quarter results. This time, Q02FY12, the loss was US$33.9 million. Creative blames it on the installation and operation of a wireless broadband network in Singapore by a subsidiary QMax Communications Pte Ltd (“QMax”). QMax suspended the wireless broadband project as the vendor for the equipment has failed to deliver on the key network performance requirements set out in the relevant supply contract. Creative will be sueing the vendor for the damages incurred.

Net Sales
Net sales for the second quarter of FY2012 decreased by 14% compared to the same quarter in FY2011, and net sales for the first half year of FY2012 decreased by 13% compared to the same period in FY2011. Revenue was lower in the second quarter and first half year of FY2012 as the Group continues to be affected by the difficult market for its products, particularly for the personal digital entertainment products.

Gross Profit
Gross profit margin was 20% in the second quarter of FY2012 and 19% in the first half year of FY2012 compared to 26% in the second quarter of FY2011 and 25% in the first half year of FY2011. Gross profit margin in the second quarter and first half year of FY2012 was lower due to write-down of inventories.

Net Loss
Net loss for the second quarter of FY2012 was US$33.9 million compared to net loss of US$10.9 million in the second quarter of FY2011. Despite the decrease in sales, there was an improvement in operating results for the second quarter of FY2012 compared to the same period in the prior year. While gross profit was lower by US$5.6 million, operating expenses comprising selling, general and administrative expenses and research and development expenses decreased by US$10.2 million in the second quarter of FY2012 compared to the second quarter of FY2011. However the Group’s results in the second quarter of FY2012 was negatively impacted by other losses (net) of US$23.6 million as explained below.

Net loss for the first half year of FY2012 was US$63.4 million compared to US$14.5 million in the first half year of FY2011. Sales have decreased and gross profit was lower by US$10.8 million for the first half year of FY2012 compared to the same period in the prior year, but operating results for the Group has improved due to a decrease in operating expenses by US$14.8 million. The Group’s results in the first half year of FY2012 was negatively impacted by other losses (net) of US$35.0 million as explained below.

Selling, general and administrative expenses in the second quarter and first half year of FY2012 decreased by 26% and 15%, respectively, compared to the same period in the prior year. The decrease in selling, general and administrative expenses was mainly a result of the cost cutting actions taken in FY2011.

Research and development expenses in the second quarter and first half year of FY2012 decreased by 38% and 32%, respectively, compared to the same period in the corresponding year. The decrease in research and development expenses was mainly a result of cost cutting actions taken in FY2011. The Group will continue to invest in product research and development in areas that are strategic to the Group, cutting back research and development spending only in product areas that are not strategic to the Group.

Depreciation and amortization was US$0.7 million and US$2.4 million in the second quarter and first half year of FY2012, respectively, compared to US$1.8 million and US$3.6 million in the same periods in the prior year.

Deprecation and amortization was lower in the second quarter and first half year of FY2012 due mainly to disposal of a wholly-owned manufacturing subsidiary in China in the fourth quarter of FY2011 and assets being fully depreciated.

Other losses (net) of US$23.6 million in the second quarter of FY2012 comprised mainly impairment charges of US$15.6 million for equipment and intangible assets and provisions of US$6.5 million for commitments for other expenditures and obligations, pertaining to the installation and operation of a wireless broadband network in Singapore by a subsidiary QMax Communications Pte Ltd (“QMax”).

At the end of the second quarter of FY2012, QMax suspended the wireless broadband project as the vendor for the equipment has failed to deliver on the key network performance requirements set out in the relevant supply contract.

The Company and QMax have given notice to the vendor to terminate or rescind the supply contract on the grounds of material breach of the contract and/or misrepresentations by the vendor. The Company and QMax have also recently initiated legal proceedings against the vendor to recover damages and all losses suffered in relation to the wireless broadband project, after discussions with the vendor failed to reach a satisfactory conclusion. Pending the outcome of the legal proceedings, for the Group’s results in the second quarter of FY2012, full provisions have been made for the impairment of equipment and related intangible assets for the project, as well as commitments for other expenditures and obligations to third parties relating to the project. No recognition has been made in the accounts for any recovery of compensation for losses suffered and damages that the Group is seeking from the vendor.

Other gains (net) of US$2.6 million in the second quarter of FY2011 were due mainly to foreign exchange gains of US$2.6 million compared to a foreign exchange loss of US$1.5 million in the second quarter of FY2012.

Other losses (net) of US$35.0 million in the first half year of FY2012 included impairment charges of US$15.6 million for equipment and intangible assets, provisions of US$6.5 million for commitments for other expenditures and obligations as explained above, US$10.2 million foreign exchange losses and a US$3.1 million impairment loss on investments due to adverse business conditions in certain investee companies. Other gains (net) of US$15.7 million in the first half year of FY2011 were due mainly to foreign exchange gains of US$15.8 million.

The functional currency of the Company and its subsidiaries is predominantly the US dollar and accordingly, gains and losses resulting from the translation of monetary assets and liabilities denominated in currencies other than the US dollar are reflected in the determination of net income (loss). The exchange differences were due mainly to the cash and cash equivalent balances held by the Group. Cash and cash equivalents were held mainly in Singapore dollar, with the balance mainly in US dollar, Euro, British Pound and Japanese Yen. The exchange loss in the first quarter of FY2012 was due mainly to the significant depreciation of Singapore dollar and Euro against the US dollar, and in the second quarter of FY2012, Euro continued to depreciate against the US dollar. The exchange gain in the first quarter of FY2011 was due mainly to the significant appreciation of Singapore dollar and Euro against the US dollar, and in the second quarter of FY2011, Singapore dollar continued to appreciate against the US dollar.

BALANCE SHEETS
The decrease in financial assets, available-for-sale as at 31 December 2011 was due mainly to a US$5.9 million fair value loss on revaluation of investments as a result of the decline in global stock markets and a US$3.1 million impairment loss on investments charged in the first quarter of FY2012. The decrease in property and equipment and intangible assets was due mainly to the impairment charges pertaining to the wireless broadband project (as explained above). The decrease in other non-current assets was due mainly to the utilization of security deposit for the payment of the Group’s headquarters office building rental. The decrease in inventories was in line with the lower level of sales. The decrease in other current assets was due mainly to a US$2.2 million decrease in balances due from associated companies and US$0.8 million decrease in security deposits and prepayments.

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Monday, January 9, 2012

Sound Blaster Gaming Lucky Draw [SG]




If you bought a Sound Blaster product during Christmas period or received a Sound Blaster product as a Christmas gift, do not throw away the box. You will need the serial numbers to enter the Sound Blaster Gaming Lucky Draw and stand a chance towin a Sony PlayStation3 console. There are 3 sets to be won. The promotion period is from 12 Dec 2011 to 11 Jan 2012.

These are the Sound Blaster products which are eligible to enter the lucky draw:
Sound Blaster Recon3D Omega Wireless
Sound Blaster Tactic3D Omega Wireless
Sound Blaster Recon3D
Sound Blaster Tactic360 Sigma
Sound Blaster Tactic360 Ion

Shouldn't you be filling up the lucky draw form? :)

Note:This lucky draw is open for participants living in Singapore and purchases made in Singapore only
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