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1 of every 5 mobile phones sold is fake according to Nokia

Posted on Tuesday, January 25th, 2011 in Mobile by Nick

Oh China, how we love you. You give us cheap goods at Wal-Mart, you hold our debt, and now you give us cheap phones. Well you and apparently alot of other places.

“It is mostly China-originated, but it is global. It is not only in Asia, but also in Latin America and even in some parts of Europe,” said Esko Aho, a member of Nokia’s executive board

The following is the full text from Reuters:

(Reuters) – One out of every five cellphones sold in the world are illegal or unlicensed copycats, hurting the position of producers like Nokia in emerging markets, the world top manufacturer by volume said on Friday.

“It is mostly China-originated, but it is global. It is not only in Asia, but also in Latin America and even in some parts of Europe,” said Esko Aho, a member of Nokia’s executive board.

Surging growth of no-brand manufacturers coupled with growing smartphone sales boosted third-quarter cellphone sales 35 percent, Research firm Gartner said in November. It raised its outlook for growth in 2010, which it forecast would top 30 percent.

Gartner estimated grey market share had increased to even above 20 percent, but many other market followers have doubted the estimate.

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    Nick
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    Oh China, how we love you. You give us cheap goods at Wal-Mart, you hold our debt, and now you give us cheap phones. Well you and apparently alot of o
    [See the full post at: 1 of every 5 mobile phones sold is fake according to Nokia]

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