It's true. You can buy what (at first glance) looks like an iPhone in Laos for only $60 - if you can talk the shop owner down from $80. However, it's a Chinese fake that is far from the real iPhone that we all know and love. Plus, it will not play apps, including mine!
It comes with two SIM cards and a stylus for typing. Warranty? Good luck. And try getting it to work in the U.S.
Fake Blackberry phone are on sale, too. Only $30.
If you want a real iPhone, you can get one here for $900.00.