Apple today announced that AppleCare+ with Theft and Loss coverage is now available for the iPad and Apple Watch in Japan, after previously being limited to the iPhone there.
In addition, monthly and annual AppleCare+ plans are now available for a wider range of Apple products in Japan.
My take is that it works in Apple's favor. If theft is low in Japan, the utilization rate for this by the consumer will be low which means Apple's benefit-expense ratio will be low. A low benefit-expense ratio means Apple is paying out less in claims and pocketing a greater percentage of the revenue collected.
what do you mean it’s “definitely a policy that works there”?
Japan doesn’t have the kind of theft problems that we have in the United States so this is definitely a policy that works there
AppleCare+ with Theft and Loss coverage is now available ('https://www.apple.com/jp/applecare/') for the iPad and Apple Watch in Japan, after previously being limited to the iPhone there.
