Tech companies

Apple iPhone-maker Foxconn ponders big Brazil move

Apple iPhone-maker Foxconn ponders big Brazil move

Tech companies are keen to sell to Brazilian consumers hungry for high-end electronics, but gadgets are often priced out of the market because of high production costs and import tariffs. Apple’s cheapest iPad, for example, retails for about $860 in Brazil, versus $400 in the United States.

India had or still has similar stiff import tariffs making it prohibitively expensive to sell even low priced electronics there.