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With Apple’s iPhone landing in China in Q4 2009, anyone planning to deliver an iPhone Killer better get moving. With the iPhone now available in 88 countries, and with five more on tap in the near future (now including China, the world’s largest mobile phone market), challenging Apple for the touch-screen smartphone market just got a whole lot tougher. With Apple pulling down 32 percent of smartphone profits in the first half of 2009 on 8 percent of the world’s handset revenues and a $24 billion war chest, the question becomes not, “Who has the products or technology?”, but rather, “Who has the money to challenge Apple?”

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