What is Your Smartphone Worth?

Smart PhoneIf you always had an inkling that your new smartphone is not just cool, but an efficient, money saving tool, here comes the concrete number: $12,000. That’s how much a user can save annually, according to a survey by Harris Interactive, on behalf of ClickSoftware.

How is that figure derived? By using apps, smartphone owners can save up to 88 minutes a day. This adds up to 22 days over the course of a year. The Social Security Administration lists the average annual wage at $45,790, ($22 per hour based on a 40-hour work week.) So, multiply that by 535 hours per year and the value is $11,777.

Read more: What is Your Smartphone Worth | News | Mobile Enterprise(ME).