Comment by gambiting

Or, if you are like me from a country where a genuine iPhone 12 is worth about 3 months of average salary, this is an easy way to buy some status without actually spending quarter of your annual income on one. You could fool a lot of people with one of these. Same reason why fake anything exists - to sell to people who don't have means to buy the real thing(and yes, I suppose to also scam some who think they are getting the real deal, but that must be a tiny portion of the money involved in making this).