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Lenovo grows bigger as PC industry consolidates

While demand for computers slows, the world's biggest PC maker is only getting larger.

Lenovo started the new year with a bang: net income rose 23 per cent to $214m, beating estimates at $197m as operating profits surged 40 per cent to $283m and sales rose 18 per cent to $10.4bn.

The Beijing based company said its first quarter results achieved record performance "across all lines of business."

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