That represents a drop from the previous quarter (4Q 2010) which recorded 16% growth.
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The upgrade was not a call on 4Q as near-term challenges remain and turnarounds take time.
Of the top ten smartphone OEMs, only Samsung and Sony experienced sequential growth in shipments over 4Q'2011.
The blended revenue growth rate for 4Q 2012 is 2.2%, unchanged from an expectation of 2.2% on December 31.
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The 2010 figure, in turn, was a decrease from the year prior (4Q 2009) which saw a 32% increase in text messaging.
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Real GDP growth plunged to 0.36% in 1Q2011 after coming in at 2.33% in 4Q2010 and averaging 3.14% for all of 2010 (4Q over 4Q).
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The situation will become more clear this week when Apple reports its 4Q 2012 results after the stock market close this Wednesday (January 23).
Between Android and iOS those two operating systems accounted for more than 90% of worldwide smartphone sales in 4Q 2012, up from nearly 75% in 4Q 2011.
In particular, Huawei and ZTE are two such firms and their success enabled both of them to register in the top five mobile phone vendors in 4Q 2012.
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Many companies in the index are reporting lower revenue growth outside of the U.S. for 4Q 2012 due to weak economic growth in Europe and less favorable foreign exchange rates.
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Although Android and Apple accounted for 92% of global smartphone OS shipments in 4Q 2012 according to Strategy Analytics, a viable third OS has yet to emerge.
The initial phase of the project contract between Evatran and Syncroness involves a three-week session to produce a nine-month plan to bring Plugless Power up to full production ability by 4Q 2010.
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As the new retail growth leaders, such as eBay and Amazon, begin reporting their 4Q results, we can see their superior growth rates and it becomes clear that they are the ones winning market share.
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The shares will likely sell-off today on the 4Q earnings miss, but we believe they will work higher over the next twelve months as the assortments improve, square footage growth continues, and the balance sheet remains strong.
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Amounts in Korean won (KRW) are converted into U.S. dollars (USD) at the average rate of the three month period in each corresponding quarter: KRW 1, 091 per USD (2012 4Q) and KRW 1, 146 per USD (2011 4Q).
Like the overall U.S. figures, that number represents a big contrast with the previous quarter (4Q 2010), when Verizon posted 9% growth in text messaging use, as well as the year-ago quarter (1Q 2010), when Verizon saw a 34% increase in text messaging.
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