Value add? At $200 a pop, I am pretty sure Apple makes a helluva profit from the AppleCare+ add on. HardLy a value add, they are just trying to make more money by also selling in-house Insurance.
Of course they make profit, they're a business. But they're a consumer products company and it's going to be structured entirely different than how an actual insurance company works. Keep in mind AC+ was introduced after the iPhone 4 came out, being the fragile thing it was, pretty much due to customer demand for accidental insurance - so yes, it is absolutely a value add, because once again, they're a consumer products company responding to demand, not an insurance agency.
In fact I betcha more than 99% of customers activate their phones upon receipt or within a day or two, so moot point to be quite honest.
So you're arguing my point then? Cheers to that.
Seriously speaking though, a customer for Apple is extremely valuable. They tend to be loyal for years, some for life, on high margin products. So losing just a small handful for some very infrequent edge case is very costly vs. the what it would cost them to take a more consumer friendly policy. This is the reason why Apple gives their AC reps agency to go outside written policy to make an irate customer happy.
I can think of quite a few other areas where Apple can get more goodwill instead of extending their insurance plan to a very small minority of customers who are going ape sh@t over it - the first one being to allow customers to voluntarily downgrade to a previous IOS version if they so choose - now that’s where Apple can truly ean some goodwill
These concepts have absolutely no relation. Yes, they can do all sorts of consumer friendly things. This is not a zero sum game for goodwill where you have to take from one basket and put it into another because it puts too much strain on resources within the company.