You're naive if you think this about package theft. Show me one place where that is even mentioned on Ring's website or docs.

Not sure about their marketing, but I know how and why people use it in their apartments and homes.

If curious get on one of the mentioned neighborhood apps, see how people use these devices: package theft, suspicious people/cars, vagrants/unstable folks, public disturbance (skaboarders scratching cars, etc.,) early hours canvassing by thieves, etc...

Shoppers do not care about package theft or any other loss- making properties of a business.

Show me one place where package theft is even mentioned on Ring's website or in their doc. Is isn't.

It naive to think that Amazon is worried about package theft and that's why they bought Ring. Too many other tech companies have signed up for the surveillance economy for that to be true.

What's the real reason?

Loss aversion is a real thing - people can and do decide to go brick and mortar because of being afraid of package theft. It isn't realistically a big issue but people care about it a lot.

As for why I would guess wanting better rates from turning bits to cash.

  Shoppers do not care about package theft

Collectively, shoppers pay for all package theft.

That is true. But we also pay for pensions, profits, advertising, union-busting, pollution, and countless other things we may not want to pay for.

Ultimately, the consumer only cares about what product he is getting and what price he has to pay. How the company juggles its losses or where they come from is of no interest to the product purchaser.