Price of a Stolen iPhone

In San Francisco, a new iPhone has been reportedly sold by thieves at prices between $400 to $500 in cash, according to San Francisco Police.

Often, stolen iPhones are sent to overseas market such as Hong Kong, where the stolen iPhone can be sold for $1,000.

$400 to $500 source: Brian X. Chen and Malia Wollan, “Cellphone Thefts Grow, but the Industry Looks the Other Way,” New York Times, May 1, 2013.
$1,000 source: Gerry Smith, “Undercover Police Stings Target Front Lines Of Stolen iPhone Market,” Huffington Post, April 26, 2013.