![](https://www.ficcicascade.in/wp-content/uploads/2018/08/7826305_s.jpg_resized_250_.jpeg)
Fake mobile phones are a $6bn market, says MMF
The counterfeit mobile phone market is hard to quantify but could be as much as $6bn a year, according to a new report from the Mobile Manufacturers Forum. The MMF – an international association of telecommunications equipment manufacturers – estimates that around 148 million counterfeit or substandard mobile devices were sold through ‘visible retail sites’ last year, with many more changing hands via the Internet and local black markets. The white paper suggest that governments “do not yet fully understand the scope and nature of the problem” and sets out to describe the impact of the illicit trade on consumers, governments themselves and private industry.
Related Posts
Romanian seizes EUR 6 mln worth of smuggled cigarettes in eight months
Romanian customs workers seized almost 49 million smuggled cigarettes worth some...
How African countries lose Sh1tr to illicit tobacco trade
Cigarette manufacturers operating in Africa are creatively fuelling illicit...
India’s carmakers launch campaign against fake parts
Counterfeit automotive components are a major scourge around the world, and...
Alibaba’s wealth of counterfeit products a concern to some potential IPO investors
HONG KONG -- At first glance, the Monster Tron T1 headphones sold on Chinese...