[Ex gun maker.]

This is Apple, and they know the SN’s.
So the thieves should only have a lot of bricked junk.
What is a bricked device worth, a couple bucks each for salvageable parts?

[minnesota_bound]

#2 There was a cell phone store in a strip mall in Los Angeles several years ago that did over $20 million in stolen phones. They used phone company employees access to re-activate the phones then sell them.

[dinodino]

The parts are quite valuable, actually. All of the devices will be parted out.

[jdsteel]

Bricked junk sold on the street to dummies.

Insurance will pay Apple for the losses.