Apple couldn’t tell fake iPhones from real ones, lost $2.5M to scammers
Apple couldn’t tell fake iPhones from real ones, lost $2.5M to scammers

arstechnica.com
Apple couldn’t tell fake iPhones from real ones, lost $2.5M to scammers

Repair scheme got Apple to replace 6K fake iPhones with real ones.
This makes it sound the phones were real but out of warranty.
It would be cheaper to buy an iPhone than make a realistic fake. The issue is that apple can't tell the difference and can be scammed over offering new replacements for duds.