Warranty provider SquareTrade queried 2,000 iPhone owners and discovered that they have dumped an estimated US$5.9 billion into repairing their iPhones over the past five years. This figure includes repair costs, insurance deductibles for phones with a warranty and full-cost replacements for iPhones that are broken beyond repair. The company looked at how owners were destroying their iPhones and found that most people damaged their phone when it dropped from their hand. The second most common accident is a plunge into a toilet, sink, hot tub or other body of water. Read the full story at TUAW.