HP Printers: Big in Iran?
There’s lots of talk in the tech industry these days about capitalizing on growth in “emerging markets,” countries like China, Vietnam and Brazil where people are rapidly buying computers and printers.
A story in Monday’s Boston Globe says Hewlett-Packard Co. is taking that strategy one step further: Its printers, writes Farah Stockman, “have become a top seller” in Iran–a country whose economy the U.S. government wants to prevent from emerging.
Since 1995, the U.S. government has had an on embargo on trade between U.S. companies and Iran due to the Iranian government’s “sponsorship of international terrorism and Iran’s active pursuit of weapons of mass destruction,” according to a U.S. Treasury Department fact sheet.
