Police in China broke up a counterfeit iPhone ring and reported that the cost to make a fake version was $313 (2,000 Chinese Yuan). The phone sellers would then sell the counterfeit mobile phone for $616 (4,000 Yuan).
The counterfeit versions had some parts that were authentic.
Source: Kazunori Takada, “Fake iPhone ring busted in China: report,” Reuters, September 28, 2011.
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