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July 9, 2008 11:11:47 AM CDT

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Low-Income Buyers Make Brazil 5th-Biggest PC Market

Posted May 21, 08 7:00 PM CDT in World,  Business,  Technology    Most Covered

(Newser) – Brazilian consumers are putting better credit offers and growing wealth into computers, and HP and Dell are the beneficiaries. The country is now the 5th-biggest PC market in the world, and low-income buyers are fueling the boom there. Computer shipments rose 38% last year to 10.7 million, Bloomberg reports, as overall purchases passed TVs for the first time ever.

Brazil now accounts for nearly half of all tech purchases in Latin America. The trend has been a boon for the US sellers, as they’ve been able to offset a slowing American economy—and as local tax breaks have enabled them to drop their prices. “You have a consumer market that's exploding as people have more access to credit,” said one jubilant HP rep of Brazil.

Source Bloomberg

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The skyline in Curitiba, Brazil, is accentuated by green spaces with extensive gardens and free-flowing waterfalls in a park near the city's botanical gardens.   (KRT Photos)
Michael Dell, Chairman and Founder of Dell Inc.   (AP Photo)
In this Nov. 12, 2007 file photo, Hewlett Packard CEO Mark Hurd gestures at a conference in San Francisco.   (AP Photo/Paul Sakuma, file)
Rio de Janeiro. (PAR138753)   (Magnum Photos)
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