“Apple is set for a new Latin American growth story, starting in the insanely fast-growing smartphone market of Brazil, where manufacturing partner, Foxconn, has opened up iPhone production, with iPad production set to begin next year,” Jonny Evans reports for Computerworld. “Demand for Apple’s iPhone in Brazil is so high that moving manufacturing there may make the country into Apple’s new China. We’re talking big growth potential.”
“Foxconn, which manufactures iPhones, iPads, iPods and other devices for Apple, is making a major (c$12 billion) investment in Brazil plant,” Evans reports. “With a population of 203.4 million, a booming service industry and a GDP of $2.172 trillion, Brazil is one of the stronger Latin American economies. There’s also a smartphone revolution taking place there — a recent Nielsen survey showed a 165 percent increase in smartphone sales year-on-year.”
Evans reports, “Brazil currently puts a hefty fee on imported goods. Despite these (which reportedly can triple prices) iPhone already accounts for an estimated 10 percent of local smartphone sales.”
Much more in the full article here.
[Thanks to MacDailyNews Reader “Fred Mertz” for the heads up.]