An estimated $1.5 Billion (6 Billion Saudi Riyal) in counterfeit electronics are sold in Saudi Arabia each year, according to the Jeddah Chamber of Commerce and Industry. A seller of a counterfeit good in the Kingdom reportedly makes a profit of 200 percent due to its illegal orgins, while the seller of the legitimate item… Continue reading Sales of Counterfeit Electrical Products in Saudi Arabia
During the 2012 Holiday Season, the Consumer Fraud Center estimates between $110 Million to $140 Million worth of counterfeit goods were sold on Amazon.com. A popular hair-straighter company is filling a lawsuit against the shopping website claiming that over 20,000 fake hair-straighteners have been sold on its website that have violated their trademark. Source: “Customers… Continue reading Counterfeit Items sold on Amazon during the 2012 Holiday Season
The Government of Kenya stated that counterfeit electricity cables in the country is costing the economy almost $1 Billion in lost revenue. In addition to the economic impact, 275 people died from exploding counterfeit cable wires and components in 2012. Source: Humphrey Liloba, “Kenya: Fight Against Counterfeit Trade Rages On,” AllAfrica, February 11, 2013.
According to a study by a supply chain management consultancy, the number of suppliers to the United States Government that are considered “high-risk” has increased by 63 percent over a ten year period.
From 2011 to October 2012, authorities in the United Arab Emirates has seized over 2 million counterfeit HP supplies in the country.
A legitimate iPhone 5 is sold in retail stores in Vietnam for $959 (20 Million Vietnamese Dong). A counterfeit version of the iPhone5 made in China is available for purchase in Vietnam for $28 (600,000 VND). A counterfeit version of the iPhone 4S is available for $43 (900,000 VND).
48 percent of the population of Uganda has mobile phones. Of those that have mobile phones, up to 30 percent of those phones are counterfeit. The counterfeit phones in Uganda causes an estimated $6 Million (15 Billion Uganda Shilling) loss of tax revenue each year. Source: Aloysious Kasoma, “Uganda: Fake Mobile Phones Glut Local Market,”… Continue reading Counterfeit Mobile Phones in Uganda
According to research firm Arc Chart, up to 150 million counterfeit mobile phones are estimated to created and shipped out to customers in 2013. The number of fake phones will make up to 7 percent of the total mobile phone market in 2013, and make up to 15 percent of the mobile phone market in Asia.
64 percent of counterfeit electronics sold to consumers in the United States takes place in legitimate retail stores, according to Gallop consulting and the US Chamber of Commerce.
The United States Navy estimates that up to 15 percent of all replacement electric circuits and spare parts bought by the entire US Military to be counterfeit.