Mobiado 105GMT

I have an iPhone and I think it’s an expensive cellphone. But it does a lot more than a cellphone. So why would I buy something expensive that has the specs of a sub 100$ device and has “Dual inset 24 Karat gold plated crowns”? Anyone ever bought something like this? 

Specs:
Quadband GSM and dual band WCDMA, speaker phone, 3G luxury phone (?), 2 megapixel picture and video camera, more than (?) 1 GB of internal memory, 2″ display with up to 16 million colors, music and video player, micro usb port.

Click here for the details.