These counterfeit products usually appear about a month or two after the original product goes on for sale, although it appears to be exactly the same product in looks as well as usage but the price tag for the fake item is just a fraction as compared to the original product, in our case the Apple products are a good example for this. "Many of the top brands are available in their relative cheaper counterfeit versions" (Broadhurst 2005)
There are many cases where the biggest buyers of pirated items in China are foreigners, they tend to buy a cheap replica of the original product in a much cheaper price such as pirated DVDs, watches, electronic equipments or other things and then sell in their respective market at a nominal rate which attracts a lot of consumers since the price of offering is cheap as compared to the original product. "Low prices attract consumers of all types" (Hopkins 2003)
According to the Washington post, there is a lot of emphasis given on the Chinese market which produces these fake items but a lot less importance is given to those major buyers who buy these equipments and it is these foreign and local buyers which make this business running. "A business thrives because of its demand rather than supply power" (Vickers 2002)
A primary reason for this is that the companies will not be able to invest more in research and development processes if they know that whatever they will create would be copied. "Counterfeiting is a huge threat to the original product's R&D process" (Mihm 2007)
High quality Prada and Gucci bags come alongside complete forged certificates which tend to show the originality of the items. "Forging documents is a thriving business" (Balkun 2006)
A study carried out by the Italian authorities concluded that during the early 2000s the fake watches of Rolex were so perfectly made including their internal and external identifying marks which are stamped at real Rolex that the professionals from Rolex had a tough time in differentiating the original ones from the fake, here the selling of a fake Rolex watch is worth twelve thousand dollars which was originally made of just twenty five hundred dollars. "Sellers often sell fake products with the price of the original" (Carrabine 2004)
In the same study, it was reported that many parts of luxury goods were being manufactured in the southern part of China which were later on taken to Europe and thereafter assembled and distributed with the assistance from the Naples mafia and with the final touch being provided by the craftsmen of Venice. "Product piracy attracts investments from the far sides of the globe" (Stiansen 1999)
They also even tend to introduce their own versions of the original product in which some of them are very popular in the general public. "Fake products also come in different varieties" (Murray 2004)
Since these cheaper alternatives have a huge demand from all sectors of the society including the rich therefore it is common to see that these fake versions are more sold in the market as compared to the original. "Fake products often make more sales due to a cheap price tag" (Sell 2003)
He also said that he never felt any sort of embarrassment in carrying a fake item rather than an original. "Digital devices are commonly found to be pirated" (Matthews 2002)
During November 2007, this team made a deal with the second largest computer firm in China known as Founder Technology which was related to combating piracy on many fronts. "Software piracy is a huge menace to the world" (Fink 2005)
A recent example was the new iPhone. Before it even came out there were counterfeit, Chinese version available and they were 1/4 of the price of the real thing (Naim, 2011)
\" Without a doubt, the law is firmly on the side of my client in this matter. The fact that there is no franchise law in Kuwait, is something which can make it seem appealing to foreign companies (Walker, 2014)