FORTUNE -- Apple's (AAPL) iPhone may be approaching saturation in North America, but Latin America is wide open territory.
Brazil is particularly interesting. It's the largest country on the continent (pop. 200 million) and it's demonstrated an appetite for iPhones despite prices that are the highest in the world. Due to stiff import duties, an unlocked iPhone 5s that sells for $649 in the U.S. costs 2,799 reais ($1,174) in Brazil.
Still, the estimated 1,700 Brazilians who gathered Saturday at Rio de Janiero's Village Mall for the opening of the first Apple Store in South America didn't seem to be suffering from sticker shock. And when Foxconn's new Brazilian factories start churning out iPhones that aren't subject to import taxes, those prices could come down dramatically.
"Rio is an amazing city," CFO Peter Oppenheimer told a local news outlet by telephone. "And we want the store running for the FIFA World Cup and the Olympics in 2016."
In three weeks, the phones will be on sale in 62 countries. But not these 10.
FORTUNE -- If anyone knows how to roll new products out around the world, Apple (AAPL) does.
And when Reunion Island (pop. 800,000) is on the list of 62 countries that will be getting the new iPhones by Nov. 1 and Indonesia (pop. 234 million) isn't, you know that disposable income is a more important factor MOREPhilip Elmer-DeWitt - Oct 9, 2013 6:21 PM ET
Lenovo's planned purchase of local PC maker CCE underscores the company's global ambitions.Stephanie N. Mehta, Deputy Managing Editor - Sep 5, 2012 12:00 PM ET
Apple's roll-out reaches deeper into Asia, Africa, Latin America and the Middle East
FORTUNE -- The fastest roll-out yet of an iOS device picked up pace this week as Apple (AAPL) prepared to launch the new iPad in 23 countries Friday and seven more on Saturday.
The longest lines are likely to be in Brazil, where Apple and Foxconn have set up local assembly plants to avoid that country's steep import taxes. MOREPhilip Elmer-DeWitt - May 11, 2012 7:30 AM ET
Forty five minutes with the man who took over when Steve Jobs stepped down
For those of you who missed Tim Cook's keynote presentation at the Goldman Sachs Technology and Internet Conference in San Francisco Tuesday, the audio is still available in QuickTime on Apple's (AAPL) website here.
For those who prefer to read than to listen, we've posted an edited transcript of his remarks below the fold.
Corrections most appreciated.Philip Elmer-DeWitt - Feb 15, 2012 5:38 AM ET
But Brazil, where unlocked phones start at $1,400 U.S., not so much
Apple (AAPL) delivered the iPhone 4S to two dozen more countries Friday, bringing it -- by our count -- to 76, exceeding its stated goal to be in more than 70 countries by the end of the year.
Friday's launches were in Bahrain, Brazil, Chile, Cyprus, Egypt, French West Indies, Israel, Jordan, Kuwait, Malaysia, Morocco, Peru, Philippines, Qatar, Reunion Island, MOREPhilip Elmer-DeWitt - Dec 16, 2011 5:02 PM ET
The rapidly growing social network held a so-called State of the Union to reveal new stats about its ongoing rise.
FORTUNE -- This week, Twitter CEO Dick Costolo hosted a small gathering at Twitter headquarters in San Francisco to give a brief update on the social network's growth. His self-described "State of the Union" highlighted a number of new user stats. The overall message? That Twitter thinks it is in a MOREJP Mangalindan, Writer - Sep 8, 2011 2:56 PM ET
There are 29 colorful little buttons displayed on Apple's "Coming Soon" page -- its official list of countries where the iPhone 3G is scheduled to launch before the end of the year -- and carriers in some of those countries have let it be known that their launch day is Friday, Sept. 26.
Whether the phone will come to the entire list -- which runs the alphabetical gamut from Botswana to MOREPhilip Elmer-DeWitt - Sep 25, 2008 12:34 PM ET
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