ADT President and CEO Jim DeVries argued that the increase in crime in cities across the country is a “demand catalyst” for security systems.
, adding that gang violence intervention programs, schools and other vital community services were shuttered, which contributed to the rise in crime.
In New York City, total crime year-to-date as of May 1 remained high compared to the same time in 2021, with a 41.6% increase, the NYPD’s latest crime statistics show. Shootings and murders were down year-to-date and for last month, compared to April 2021, the department said. A new Quinnipiac University poll released Wednesday showed that voters consider crime to be the most pressing matter facing the city, with 49% deeming it the "most urgent issue."
DeVries also revealed the "biggest single demand catalyst" for his products on Thursday, noting that it is "really around home automation" and "smart home adoption." "We now have really shifted from a pure security-centric company and transformed into a smart home company," he told Bartiromo.
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