Twenty per cent of cell phones sold across the world are fakes, says Esko Aho, a member of Nokia’s executive board.
Fake phones affect the reputation of brands such as Nokia, he told Reuters. He added, “The problem of fake cellphones is a global one, and is not limited to China alone as such phones are being manufactured in Latin America and Europe also.”
Research firm Gartner says that about 20 per cent of fake cellphones sold may be from the grey market, but not all experts agree with this estimate.