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The world’s most expensive smartphone: Brazil’s black market for gadgets is booming

Crime and consumerism collide in Rio<p>Mercado Livre is Brazil's version of eBay, and it's full of electronics. Visit the site at any moment, and you'll find hundreds of vendors selling their unlocked iPhones, with many priced at nearly $700 USD. That’s about $100 more than what the same model costs …