In my recent trip to India, I found chinese knockoffs of the iPhone selling for about $50-60 in many markets.

Some comments add interesting info and perspective. I appreciated #38, which starts off:

Until you’ve been in Shenzhen (where I live) you probably can’t imagine [...]

http://www.pcpro.co.uk/blogs/2010/02/19/what-you-get-when-yo...