That is misleading. While it might be true that the vast majority of Muslims have never "read" the Koran, as someone who lives and travels extensively in countries where Islam is dominant, I can tell you that the vast majority of Shiite and Sunni Muslims memorize the Koran, in its entirety.
They know exactly what it says.
Many educated Muslims whose native tongue is not Arabic do learn it in order to read the Koran, but then again the vast majority do not understand Arabic, even though many do learn parts of the Koran by heart without understanding a word.