Foxconn Factory In Brazil To Be Located On Steve Jobs Avenue

Foxconn, the company that builds iPods, iPads, iPhones, and MacBooks, will soon operate on “Steve Jobs Avenue” in the city of Jundiaí, which is in southeast Brazil. The idea for naming the street after Steve Jobs was presented last October, one day after he passed away and it was approved by Jundiaí’s city council on March 27. The street was previously named after former Jundiaí mayor Miguel Moubadda Haddad.

The avenue connects Jundiaí to São Paulo. Foxconn already produces iPhones in Jundiaí. They will soon start making iPads there too. Interestingly Apple products tend to cost 28% more in Brazil compared to any other country in the world. This is because Brazil requires a high tax load and import tariffs. Whenever Apple products are imported, the importer is charged transaction taxes.

This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at
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