Fake smartphone sales cost global industry $48 billion

by Dramelin 5:30 AM 0 comments

Counterfeit trade threatens to call time on the health of the smartphone industry, according to new research, which estimates that $48 billion (45.
3 billion euros) worth of sales were lost to phoney phones in 2015.
The highest number of counterfeit sales were made to consumers in Africa (21.
3 percent), followed by Latin America (19.
6 percent), the Middle East (17.
4 percent), China (15.
6 percent) and Asia-Pacific (11.
8 percent).
"Its estimate that 12.
9 percent of legitimate sales of smartphones were lost globally in 2015 can act as a powerful message for policymakers, and all who work to combat counterfeiting worldwide.
"At the EUIPO, through our reporting and analysis, we are building a picture of how counterfeiting and piracy affect key economic sectors.
This is our first report in this series which analyses a sector both inside and outside the EU.