Bloomberg: Steve Jobs Behind NYC Crime Wave

Agreed.
Now that the major carriers have all agreed to kill phones that are reported stolen [pcmag.com] (like most European carriers) , the in-country black market value should drop to zero.
There is still the export option for stolen phones.

But to a certain extent the price of the phone sets the black market value as well. And that price is just too high.

And further, I have my doubts about the claim at the bottom of the summary:
? The U.S. phone subsidy model reportedly adds $400+ to the price of an iPhone.

According to Apple's own web page [apple.com] the cost of an unlocked an contract free iphone5 (cheapest model) is $649. ($849 for the one with the big GBs).

So how does the subsidy enter into that equation?

It shouldn't unless Apple is propping up the price to support Carrier subsidy plans.

But why would Apple do that? The carriers make every cent of that subsidy back and never reduce the price of your monthly bill. Apple could sell at 100% markup and still beat carrier pricing. Instead Apple sells at well over 200% markup even when you buy direct with cash up front. No other manufacturer rakes in that much cash.

T-Mobile is ending subsidization of phones. (You can still buy it on time, but its a separate contract that has an end date).

Source: http://feedproxy.google.com/~r/savetheinternet_news/~3/4xRVvgGhyEA/story01.htm

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