For The Smartphone Industry, Theft Is A Part Of The Business Model • Discoverology

For The Smartphone Industry, Theft Is A Part Of The Business Model

The manufacturer profits by hawking a replacement phone; the carrier profits double, by locking the crime victim into a new contract, then opening an account with whomever ends up with the stolen phone. Telecom companies even profit from the specter of phone theft, by selling expensive insurance policies to protect their users.

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