“It all depends on how you define near-term, but Apple (AAPL) investors are in for a pleasant retail surprise,” Evan Niu writes for The Motley Fool.
“It turns out that Apple’s retail expansion into Brazil may be closer than previously thought. Following a handful of retail job listings that were spotted earlier this week, Apple has confirmed to a Brazilian media outlet that an Apple Retail store is coming to Rio de Janeiro, which will be the first in the country,” Niu writes. “In addition, Apple is also similarly looking to set up shop in Turkey, but Brazil is really the show-stealer here.”
Niu writes, “With a population of nearly 200 million, there’s plenty of opportunity in Brazil waiting to be tapped. Apple already offers direct online sales in the country, but growing a retail footprint would accelerate growth.”
Read more in the full article here.
Apple confirms first store in Rio de Janeiro; hiring for Istanbul location – November 14, 2012