Report: Kill Switch for Smartphones Can Save US Consumers $2.6B Annually
Americans are paying a lot of smartphones, but they’re also paying double if suddenly, their smartphones are stolen. The other cost of having a smartphone? Insurance premiums.
If smartphones came with a mandatory, effective Kill Switch, Americans could be saving around $2.6B a year, mostly in reduced insurance premiums. The number comes from William Duckworth, associate professor of statistics, data science and analytics at Creighton University. Duckworth found that Americans spend approximately $580 million in smartphone replacement every year.
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