What if the thiefs purpose is to steal an iPhone and not your password. cause as far as I know.. thats usually why people steal phones.. cause they want the actual phone..
Well, yes and no. Yes - some thieves are there only to steal the actual phone. At that point, all that you have lost is your phone. Call up your insurance company, report the theft and you're good to go. End of story. And then No - some thieve steal your smart phone because many people have much more valuable information stored on their smart phones than just the phone - i.e. bank account info, passwords, etc. (this is a mini computer we are talking about here, the same as a laptop for all intent and purposes) - stuff that is much more valuable than the phone itself. The same reason and rationale when it comes to a stolen laptop - there's the the value of the laptop itself, then there's the value of the information on said laptop. I don't think you should discount the latter by any means. It's just not worth it.