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Mobile devices may contain data worth thousands of dollars.
Also do homes, and vaults, and lockers, and bank accounts, and any other place/device designed to store valuables, yet all those can be searched by the Police with a judicial warrant.
Wouldn't you buy a Honda simply because the Police can get it open (either with a master key, or by breaking the window)? Don't you have private and valuable documents at home, even though at any time a policeman may come with a warrant and search all your home?
Now, I do understand that a thief will never get a judicial warrant, and they may very well have a hacking tool. I understand the difference, but I think that the higher concept must remain. Authorities should be able to get a certain information from a suspected criminal. What we should find is a way to make that unavailable to bad bad people, not cut authorities out of this entirely.