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Insight – Brazil's iPhone investment falls short on promises of jobs, lower prices

Monday 13 April 2015 @ 8:39 am

The Brazilian iPhone was meant to mark a new era. When Taiwan’s Foxconn Technology Group agreed in April 2011 to make Apple products here, President Dilma Rousseff and her advisers promised that up to $12 billion in investments over six years would transform the Brazilian technology sector, putting it on the cutting edge of touch screen development. Foxconn has created only a small …

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