With iPhone Fever running high, and no official Asian sales scheduled for 2007, opportunistic electronics manufacturers in China are doing a brisk business in counterfeit iPhones.
Bloomburg reports that the so-called "Chinese iPhone" sells for approximately $133US and is a fully-functioning phone. Anonymous manufacturer "Ben" said that creating the phone's internals was easy, but the external design was the hard part.
Fakes will always exist, as well as eager customers. Apple has requested that shoppers report fake phones to counterfeit [at] Apple [dot] com.