BMI View: The outlook for the Iranian consumer electronics improved following the US decision to lift restrictions on handset imports in May 2013, however the short term outlook continues to be soured by economic and political challenges. A further drag on sales growth comes from the actions of Iranian authorities to restrict access to internet content. While the market is challenging for vendors, it does have many attractive underlying features, such as a large population and low penetration of PCs and smartphones, meaning significant opportunities still exist for vendors. Meanwhile, sanctions have resulted in some positive developments, for instance the …
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