Apple’s iPhone has launched in a number of countries around the world, and now it would appear that more than $100,000 worth of iPhone 5 handsets were stolen in Japan ahead of the country’s launch.
According to a report by the , both Softbank and KDDI AU were both victims of burglaries, where thieves made off with more than $100,000 worth of Apple’s iPhone 5s.
It isn’t clear as yet whether the incidents are connected, and a total of 191 iPhone 5s were stolen, in three separate incidents in Osaka Japan, no doubt these devices are headed for the black market somewhere.
Details of the Thefts
The thefts occurred just hours before the official launch of the iPhone 5 in Japan, a highly anticipated event that had consumers lining up outside stores. The first incident took place at a Softbank store where 116 units were stolen. The second incident involved a KDDI AU store where 42 units were taken. The third and final incident saw 33 units stolen from another Softbank location. The total value of the stolen iPhones is estimated to be over $100,000, making it a significant loss for the retailers involved.
The timing of the thefts suggests a coordinated effort, although authorities have yet to confirm any connections between the incidents. The stolen iPhones are likely to end up on the black market, where they can be sold at a premium due to their high demand and limited availability at launch.
Impact on the Market
The theft of such a large number of iPhones could have a ripple effect on the market. For one, it could lead to a temporary shortage of iPhone 5 units in Japan, frustrating eager customers who have been waiting for the new device. Additionally, the presence of stolen iPhones on the black market could undermine Apple’s sales and affect the company’s revenue.
Apple has now released a new iPhone SE to replace the iPhone 5S, have a look at our guide on the iPhone 5S vs iPhone SE. The iPhone SE offers many of the same features as the iPhone 5S but with updated hardware and software, making it a more attractive option for consumers looking for a compact yet powerful smartphone.
The incidents in Japan highlight the challenges that come with launching a highly anticipated product. Retailers and manufacturers must take extra precautions to secure their inventory, especially in the days leading up to a major release. Enhanced security measures, such as surveillance cameras, alarm systems, and increased staff presence, can help deter potential thieves and protect valuable merchandise.
The theft of over $100,000 worth of iPhone 5 units in Japan serves as a stark reminder of the risks associated with high-profile product launches. While the stolen devices are likely to end up on the black market, the impact on Apple’s sales and the overall market remains to be seen. As Apple continues to innovate and release new products, it will be crucial for the company and its retail partners to prioritize security and take proactive measures to prevent similar incidents in the future.
Source The Next Web
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