Despite lower profits, the company posted better than expected iPhone sales of around 37.4 million, a 7% growth compared to the same period in 2012.
The retail sales growth trend continued on a steady decline in February, reaching an almost-flat figure of 0.1% growth in the three month period compared to the same three month period a year ago.
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Also positively, fixed investment growth reached nearly 5% compared to the same period last year.
"Lenovo delivered another terrific quarter, with shipment growth of 32.9% compared to the same period in 2009, " read the report, which noted that the Chinese computer maker had achieved year-over-year shipment growth in excess of 30% for every 2010 quarter.
This implies fourth quarter 2011 growth was around 4.8% compared to the same period in 2010, just a little better than third quarter performance.
The company said underlying sales growth for the July to September period came in at 0.6% compared with the same period last year.
The increase in revenues is primarily due to the same store sales growth partially offset by revenues associated with the net decrease of 50 stores compared to last year.
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It defied the current slowdown in economic growth by registering a phenomenal 93% increase in its net income this quarter, compared to the same quarter in 2011.
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The manufacturing sector has grown at a meager 0.2 per cent in the first quarter of fiscal year (April) 2012 to (March) 2013 compared with 7.3 per cent growth in the same period a year ago.
These are much higher compared to the expected GDP growth rate of 2.1% in the U.S. during the same period.
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We compared those numbers to what the same students would have earned without degrees, assuming that their salary growth would have been only half as fast.
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