As Smartphone penetration is increasing across the globe, people started to steal just to get hands on the smart devices or to make ignominy profit by selling the device and Apple Inc . (NASDAQ:AAPL) is targeted the most. Smartphone robberies have soared many parts of the United States, people from New York and San Francisco amongst the main victims. The recent increment in smart phone theft gave an opportunity to those mobile companies looking to make lucrative profit by offering insurance to the anxious customers. The top four wireless carriers in the U.S. will earn more than $7.8 billion in protection plan premiums from their customers this year, reports warranty week.
“If you do the math, the phone companies are making out like bandits,” said Richard Doherty, a director for Envisioneering Group, A market research firm.
According to the New York Police Department, thefts of Apple devices like iPhone, iPad and Macbook made up more than 18% of all grand larcenies in the city last year, accounting for more than 8,000 devices. Grand Larcenies is the term defined for Fourth-degree offenses include when an item is physically taken from its owner or when a stolen item is valued at more than $1,000. But rising theft crimes have given an infuriating expressions among people and NYPD. Here is a report published recently by Wall Street Journal showing the total number of grand larcenies.
This report clearly shows that criminals are quite fascinated towards Apple products. 8,465 thefts involved Apple products and that is a huge number. Many of the theft crime was committed in public transports and crowded places. Even NYPD (New York Police Department) has taken step to aware people about the crimes and giving suggestions not to use their iPhones openly in Miami beaches to keep their iPhones safe from thieves. But only Precautions can not stop the robberies and thefts, as the snatching of electronic items is also quite often. NYPD launched his new team to look after these crimes, the Special Undercover Task Forces are roaming in public places and public Transport in casual wears. But effectiveness depends on the criminals as they always come up with some new ideas to commit the crime. Even Apple has also introduced some of its apps like “activation lock”, “Find My iPhone” etc but users don’t found it more useful after their phone is stolen. As recently Apple and Samsung Electronics Co., Ltd. (KRX:005935) both have launched their new technologies and the criminals have made their mind for the best brand available in the market as they have quite good resale value in the black markets. Specially Apple product is highly popular among criminals, because of their demand between consumers as well as outside the country.
The evolution process of smartphones with different features is quite fascinating. But entering in the global scenario also comes with a risk and people obsessed with smartphones are making profit without investing even a single penny. This gave a surge to the criminals to go for “Latest and Greatest” smartphone available, whether their purpose is to use it or to sale it in black market. If the mobile companies are giving so much efforts for the customer satisfaction, then their should be some way out to secure those smartphones also. While security is also one of the important aspects of the smartphones, the devices can be physically or virtually saved. For virtual safety there are many anti-virus available but what about the physical safety?
Mobile manufacturing companies like Samsung and LG Electronics Inc. (KRX:066570) are exploring the option of installing Killer switch – an app that make devices non-operable after they are stolen. This is the most effective way to ensure the safety of the devices even if they are stolen but will keep the personal data’s safe. But Companies have to look forward for generating optimized mobile tracking system, so that a victim can get back his stolen cell phone.