Study claims kill switch for stolen cellphones could save $2.5 billion per year

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Consumers could save an estimated $2.5 billion each year if proposed “kill switch” technology significantly reduced smartphone thefts nationwide, according to a new study.

The analysis by William Duckworth, a statistics professor at Creighton University, estimates that consumers spend about $500 million each year replacing stolen phones and around $2 billion each year buying premium cell phone insurance through wireless carriers.

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Story added 1. April 2014, content source with full text you can find at link above.