Ilya Marritz covers business for WNYC.
This week, Apple introduced two new iPhones to the world. But buyers of hot new phones may have trouble hanging on to them: As of late August, more than 11,000 smartphones had been reported stolen to the NYPD. That's 7 percent higher than in the same period in 2012.
Police say every time a new Apple product hits the streets, there's a spike in thefts, as robbers try to grab the newest devices, which will fetch the highest prices on the black market.
There's one difference, now, however. Apple's new, high-end 5S phone includes fingerprint recognition and other security measures that may make it harder to re-sell a device that has been stolen.