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Samsung profit growth slows as Galaxy S9 misses sales targets

SEOUL: Samsung posted its slowest quarterly profit growth in more than a year on Tuesday as its Galaxy S9 device missed sales targets and competition heated up, casting doubt on its leadership of the smartphone market. The Apple components supplier and smartphone rival said operating profit from the mobile business recorded its steepest rate of decline since the first quarter of 2017, as cheaper Chinese-made handsets put pressure on margins. The South Korean tech giant gave investors little reason to hope for a quick…