The São Paulo electronics stores are set up like mini-malls. @Nicole Martinelli.
São Paulo, Brazil - The arrival of the much-awaited Brazilian iPad may be in doubt – although our trip to the Foxconn factory showed that an local iPhone is in the works – one thing is certain: there’s a huge market for gadgets here.
Brazilians pay some of the highest prices in the world for their iDevices, but many of them buy alternatives – black or gray market goods and fakes.
Commerce hub São Paulo has a whole neighborhood dedicated to selling these off-market electronic items called Santa Ifigênia, where I paid a visit with Alessandro Salvatori of Blog do iPhone.
There’s a huge demand for the iPhone in China, a demand so big that Apple is continually struggling to meet it. That means there’s plenty of business for scalpers who obtain the device any way they can, just to sell it off for a huge profit in the grey and black markets.
And these scalpers are smart and tech-minded. To make the whole process of buying iPhones a lot easier, scalpers have built a special application that purchases the smartphones in bulk from the Apple online store. Even worse, it runs on Windows. Oh, the irony.