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January 06, 2014 AT 12:03 PM
Samsung Electronics is bracing for its weakest smartphone profit growth this year since 2007 as arch rival Apple challenges its domination in China's $80 billion market. Samsung's mobile devices business, which earns two thirds of the company's profit, will come under pressure when Apple makes its phones available from January 17 via China Mobile Ltd, through which Samsung has been selling smartphones for around seven years.