Other World Computing
Feature Graphic
The Apple Watch
Feature Graphic
Switching to iPhone 6 Plus, Apple Watch Role Playing, Over-Under + More
Feature Graphic
iPhone 6/6+, Hot Thighs and Tights Pants, What's Wrong with iPhone Lines
Feature Graphic
How to get photos on to iOS 8 iCloud Photo Library
Feature Graphic
iPhone pre-orders, iOS 8, Tim Cook Interview + More
IGM Logo

| Home | Contact | Advertising | Search | Submit


iPhone black market



By


Gerry Smith for Huffington Post
But phone trafficking is driven largely by the massive profits made by exploiting the price difference between smartphones sold in the U.S. and overseas. Americans who agree to two-year service contracts with their cell phone company can buy the latest iPhones for about $200 -- a price subsidized by the carrier. In Hong Kong, an iPhone can be sold for as much as $2,000.


This equation helps explain why more than 1.6 million Americans were victims of smartphone theft last year and why thefts of mobile devices now make up 40 percentof all robberies in major American cities. The rising street crime is exacting a heavy toll on consumers who spend an estimated $30 billion each year replacing lost and stolen devices, according to Lookout, a San Francisco-based mobile security firm.


Story is largely about a Detroit-based fencing operation where stolen devices were exchanged for cash. So many people were lined up outside the shop they put in portable toilets.


Trans Intl

Spacer

Connect with Insanely Great Mac


spacer

Recent Articles

- Podcast: Apple Watch try-on experience, new MacBook
- 1Password 5.4 for iOS brings Apple Watch support
- Reddit Infographic visually describe Apple Watch UI
- Andy Hertzfeld on latest Jobs biography
- OWC Envoy Pro mini brings up to 480GB on a USB 3.0 stick
- Apple sets June 8th for WWDC
- Apple releases ResearchKit medical research framework
- The Apple Watch store appointment experience
- Podcast: Picking an Apple Watch, 1Password OTP
- Apple Watch goes on pre-order Friday exclusively online
- Apple VP Ahrendts tells staff best way to buy Apple Watch
- 1Password for Mac 5.3 adds TOTP Password support
- Star Wars: The Digital Movie Collection comings to iTunes
- HBO Now launches for iOS
- Apple offering employees up to 50% discount on Apple Watch at launch
- Apple Watch Guided Tours
- Podcast: Apple Watch Preview/Preorder, Steve Jobs Book + More
- Evernote makes scanning easier with auto detection
- Wired on the Apple Watch origins
- Amazon Dash Button
- Early Benchmarks at new Macbook
- Report: The how, the where, and the when for the Apple Watch ordering
- Apple retail tracking site ifoapplestore calls it quits
- Session with Becoming Steve Jobs authors available on iTunes
- MacBook's USB-C Connector, Meerkat, Super Troopers, + More


Browse and search for more articles

Insanely Great Mac Logo

IGM Specials

Mercury Extreme SSD
60GB - $48.79
120GB - $73.79
240GB - $128

480GB - $228

960GB - $649

iMac RAM (Retina)
8GB Kit - $79
16GB Kit - $165
32GB Kit - $328

External Storage
500 GB - $129
1 TB RAID - $239
Mobile RAID - $199

Power2U AC/USB Wall Outlet - $20

Thunderbolt 2 PCIe Expansion - $189

Thunderbolt 2 HDD Enclosure - $299

Radeon HD 7950 GPU
$448


Other World Computing

Other World Computing





Home

About

Advertising

Search

Copyright 1995-2015 Insanely Great Mac. All rights reserved.
Privacy Statment | Terms of Service | Editorial Policy