The surge in commodity prices underpins the Canadian unit and has driven the unit to a four-year high against the greenback.
Strength since early 2009 in emerging markets has driven solid unit gains for PCs off the late 2008-early 2009 lows.
The decline, the company said, was driven by falling unit sales and currency rate shifts during the quarter.
Of course, the results were driven largely by the unit's cable channels--USA Network, Bravo, Sci Fi, CNBC, MSNBC, Oxygen and The Weather Channel--and the Summer Olympics, which aired across its network stable.
The manager will need to set up firewalls around the sales unit to prevent it being infected by money-driven behavior, unless and until the firm as a whole transitions to customer capitalism and the radical management needed to support it.
Munster thinks the company can accelerate iPhone sales to 34% unit growth in calendar 2014 from 25% in 2013, driven in part by a cheaper iPhone offering.
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One of the reasons our capital spending budget is going up is that we see PC unit growth north of 10% for the foreseeable future, driven by emerging markets.
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Global unit sales increased to 90 percent of the pre-2009 level, driven largely by growth in emerging markets.
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Coal product revenues decreased 18%, driven by an 19% decline in volumes which was partially offset by a slight increase in revenue per unit.
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Asset managers, with or without their own distribution, i.e. brokerage unit, would have to strike marketing deals or forego commissions to attract retail and financial advisor driven purchases.
Meanwhile, ex-netbooks, he sees mainstream PC unit growth of 7% in 2011 and 8%-10% in 2012-2015, driven by emerging market demand.
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