The Wall Street Journal 'number guy' took a look at the statistics about counterfeit products. The statistics show us that around $600 to $650 billion a year is lost to counterfeit products.
But the ‘number guy’ is pointing out that there are two problems with analyzing these statistics:
1. It’s very hard to get an accurate view on criminal activities, especially when you have to give numbers.
2. And even if we knew the right number it would still be hard to see if these knock-off products aren’t detracted from the sales of high-fashion labels
So it’s unclear how much these counterfeit products are damaging the designers. But there are more problems, even legal, hurting them: lower-budget knock-offs.
Martijn
