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November 20, 2013 AT 11:27 AM
Phone theft is big business. However, in New York, iPhones and other Apple products are regarded as the ultimate heist. As Fox 5 New York reports, the NYPD announced that there were 16,000 Apple-picking thefts in 2012. This equates to 14 percent of all New York City crime. The NYPD said it believes that these are not random thefts, but the work of organized criminal networks that know iPhones, in particular, have an excellent resale value.