SquareTrade analyzed failure rates for over 30,000 new laptop computers covered by SquareTrade Laptop Warranty plans and found that one-third of all laptops will fail within 3 years.
Highlights of the study include:
- Looking at the first 3 years of ownership, 31% of laptop owners reported a failure to SquareTrade.
- Two-thirds of this failure (20.4%) came from hardware malfunctions, and one-third (10.6%) was reported as accidental damage.
- Netbooks are projected to have a 20% higher failure rate from hardware malfunctions than more expensive laptop computer
Yet another reason to backup your computer, especially if it's a laptop!