, Toymakers threatened by growing popularity of tablets
While the world is becoming more computer-dependent, children are not anymore interested in traditional toys. Little ones are just drawn to tablet computers. And this holiday season most children’s Christmas gifts letters are controlled by mobile devices such as iPads and Kindles. The growing popularity of tablets is expected to be the final nail in the toymakers’ coffin.
, Citigroup’s Q1 Profits Recoiled to $2.9 Billion
Citigroup made profits of $2.9 billion in the first three months of the year. Citigroup said that it had been helped by record revenue from processing transactions for its international clients and more customers repaying loans on time. Revenue fell 2 percent to $19.4 billion from the year-ago quarter.
