International Law

Australia: Bushels of Fake Apple iPhones from China

Counterfeit sellers were asking for up to $400 for the fake units on the street, to take a margin of nearly $345 on the $55 wholesale price quoted by illegal importers.

One seller said he sourced his supply from an employee within Customs. The seller, who refused to supply a name, claimed that the employee used his position to circumvent Customs' usual vetting procedures to import the contraband in shipments of 5000 and 10,000 each.

He said his supplier acquired the phones in China at a cost of $18.50 per unit.

Here.

Full post as published by Asia Business Intelligence on August 05, 2009 (boomark / email).