Research reveals the smartphone industry lost $52 billion in 2015 due to fakes 28 Feb 17
New research conducted by the EUIPO and International Telecommunication Union (ITU) has revealed that an estimated €45.3 billion ($52 billion) in revenue is lost annually to counterfeit trade in smartphones. Alarmingly for those in the sector, over a third of this revenue is lost in one country, China.
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