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New York Thieves Wearing Apple Store T-Shirts Steal $16,000 In iPhones (pix11.com)
An anonymous reader quotes this article from a TV station in New York about a "brazen daylight heist" made possible by wearing the right t-shirt:
Two thieves put on Apple store employee T-shirts and headed past the Genius Bar to the repair room, grabbed what they could and walked out with more than $16,000 worth of stolen iPhones... Police said just one hour before, the same thieves may have stolen three iPhones 6's worth $1,900 from the Apple Store on 14th Street and Ninth Avenue in the West Village... Earlier this year, three thieves pulled off two similar, but much more lucrative heists, at the Upper West Side Apple Store at Broadway and 67th Street, a training center for Apple employees. Once again, they dressed as Apple employees and stole a total of $49,000 worth of iPhones.
It's in Chelsea or maybe the Meatpacking District (if you read some of the signs in the area), but it definitely isn't West Village.
Sorry, but until you sell something, your loss is just what you invested.
Speaking as a certified accountant, I can tell you that that isn't true at all. It might be what you get reimbursed for by an insurance company but it isn't the full value of the loss incurred. Apple is self insured so they won't get reimbursed by anyone. Until the device can be replaced and sold, the value of the loss is the cost of the device, the cost to replace the device, the cost to transport and sell the device, the cost of investigating and dealing with the loss, the cost of the lost revenue for whatever period the device was unavailable to be sold, and I can keep going. Basically you have the cost of the device plus the opportunity cost of the lost revenue for whatever time the revenue is lost. If a sale is lost permanently (customer comes in to buy iPhone, can't get one and buys Android instead) then the lost value of the iPhone is the full retail value. If they can replace the phone the value is the cost of the device plus the opportunity costs involved.
Else I claim that the hardware I slapped together costs 10 grand (despite costing 5 bucks to make) and my insurance claim is for 10 grand.
The selling price of the iPhones is well known and the cost to build them is easy to prove. A company the size of Apple is self insured so there is no insurance claim to be made. The value of the phones at minimum is higher than their cost to make and could in principle be the full retail value of them if certain factors prove true. The real value of the loss is somewhere in between in the long run most likely but it definitely is more than just the cost to make it.