Apple 2.0

Covering the business that Steve Jobs built

Fake iPhones, iPods seized in L.A.

February 8, 2011: 6:06 AM ET

Source: L.A. Times

Some of the bogus Apple (AAPL) hardware recovered by Los Angeles Port Police. Estimated street value: $10 million.

"This was a well-funded operation, and the counterfeits looked very authentic," chief Ron Boyd told the L.A. Times.  Buyers might not have discovered they'd been bilked, he said, until they got home and tried to hook the devices up with iTunes.

Also on Fortune.com:

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Philip Elmer-Dewitt
Philip Elmer-DeWitt
Editor, Apple 2.0, Fortune

Philip Elmer-DeWitt has been following Apple since 1982, first for Time Magazine, and now on the Web for Fortune.com.

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