SquareTrade: Americans Have Spent Nearly $6B On iPhone Repair And Replacement Since 2007

SquareTrade, a company that provides warranty repairs for consumer electronics, revealed in a report today that Americans have spent an approximate cumulative total of $5.9 billion on damaged iPhones since the device's introduction in 2007. That includes the cost of repairs, replacement iPhones, and insurance deductibles for plans like the warranties SquareTrade offers, and in large part, costs incurred are a result of accidental damage, more so than loss or theft. The survey claims that just during the past year, more than 30 percent of iPhone owners have damaged their device, and repeat occurrences are fairly common: 17 percent have damaged their devices more than once. Younger iPhone owners tend to be the most accident-prone, according to the results, with one in two iPhone users 35 or under experiencing some kind of accident with their devices.

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