“Creative Technology Ltd. Wednesday reported net income of US$92.2 million for the second quarter of its fiscal year, largely due to a one-time licensing payment by Apple Computer Inc,” Sumner Lemon reports for IDG News Service.
“Creative, which makes MP3 players and PC audio components, said net income was sharply higher over the same period one year ago, when it reported net income of US$8.2 million,” Lemon reports.
Lemon reports, “The big jump in net income during the second quarter came largely from a US$100 million licensing payment received from Apple. That payment contributed $82 million in net income, Creative said. Excluding the Apple payment and investment gains, Creative’s net income for the second quarter was $9.9 million.”
Full article here.
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