Why can't I get a refund for my iphone 5?

So a few days ago, I dropped my iphone in my pool to see if it was waterproof. Because it's only a week old, it's still under warranty and I wanted to take it to the Apple store and get a new one. But, my friend told me that if it breaks from water damage, then the warranty is voided. Is this true? Why? Also, how can I get a refund for my iphone?

I'll have it!

First of all, I'm sorry to tell you but what you did is stupid, we don't drop a 900$ machine into the water to see if it is waterproof, we check if it is waterproof first and we definitely don't throw it to the water, now it is true that you won't get a refund, Apple can only give you a new one or repair it if there's a problem at the software of the phone, if I buy a new iPhone and drop it off the balcony, I'll go to the store and I'll be kicked out of it, so the best thing you can do is save up some money and buy a new one.

The iphone was never intended for water and water damages electronics… Water damage voids warrenty… Your out of luck

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