Fake iPhone manufacturers arrested in China

Police in Shanghai, China have arrested five people for making and selling fake Apple iPhone’s, according to Reuters, about 200 of the fake devices were found during the raid.
Those arrested were part of an organised gang that bought iPhone parts from Guangdong, in southern China and assembled the devices in rented apartments across Shanghai.
According to Shanghai police, the cost of making the fake iPhones, which used some original parts, was $313 and they were sold for $625, only a few dollars less then the real thing.
The fake iPhones had the same functionality as the real phones, but had a shorter battery life, a Shanghai newspaper quoted the police as saying.
Various pirated versions of the soon-to-be-released iPhone 5, such as the hiPhone 5 are available in China and sold on the internet, the phones are based on leaked images of the real Apple phone.
Apple sold 20.34 million iPhones worldwide during the last quarter, even though its newest model is over a year old.