“Around 1,700 people attended the opening of Apple’s first retail store in Brazil, in the popular Village Mall in a suburb of Rio de Janeiro – despite steep import tariffs meaning prices 80 percent higher than in the USA,” Ben Lovejoy reports for 9to5Mac.
“To avoid the high tariffs imposed on imported goods,” Lovejoy reports, “Apple has been working with Foxconn since 2011 to set up manufacturing or assembly plants in the country.”
Full article here.
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Apple to sell iPhones at costliest $1,169 in Brazil retail store debut – February 14, 2014