According to a police report filed by Chinese authorities, fake iPhones assembled with genuine parts have been discovered circulating the local cell phone market. The well-organized gang behind the scheme found a way to get their hands on some essential components from Apple's suppliers, assemble the devices in a sort of a DIY fashion, and even make the handsets appear more or less indistinguishable from the real deal to the average Joe.

Apparently, business for the guys was going well as an iPhone knockoff cost them about 2,000 yuan (roughly $310) worth of components, yet sold for about twice as much on the market. In comparison, a genuine iPhone can be bought from an official Apple store... »read more

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