The European Union Intellectual Property Office (EUIPO), through the European Observatory on Infringements of Intellectual Property Rights, published today the latest sectoral study on the economic impact of IPR infringement in the marketplace. This 11th study is dedicated to findings on the smartphones sector.
The report analysed the number of smartphones sold in 90 countries in every region in the world, based on point-of-sale tracking of consumer purchases. According to the report, it is estimated that 184 million fewer smartphones were sold by the legitimate industry in 2015, due to the presence of counterfeit devices in the marketplace.
The report also estimates that 12.9% of legitimate sales of smartphones were lost in 2015 due to the presence of fake products in the worldwide market – equivalent to EUR 45.3 billion.
Please click here for the full report.
EUIPO's full series of sectoral studies on the economic cost of IPR infringement are available here.