The Real Cost Of Owning A Smartphone

by sfgate.com

Apple iPhone 3GS, Motorola Milestone and LG GW60

There’s a pretty good chance you either own a smartphone or, according to the stats, you’re going to own one really soon. A recent Nielsen report said that almost half of all mobile subscribers now have smartphones.

If you already have a smartphone, the reasons are pretty obvious why you’ll hold on to it. You can download apps to organize your work, play games, search Wikipedia, get directions and connect to the Internet whenever you want.

However, like anything else we buy, there’s a cost of ownership that we rarely think about when we make a purchase.

So, what’s the real cost of owning a smartphone?

What It Really Costs

According to the Wall Street Journal, the average data, texting and minute plan for a smartphone costs about $2,100 for a two-year contract. However, that’s not the real cost. The average tax on smartphones is about 15% and some can be as high as 20%. On top of the taxes, you need to factor in costs like overage charges and other fees. When all of these are added together, the average cost for owning a smartphone is $3,400 over two years.

Read more…

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About smartspending5

I am business-minded college student who has a heart for helping others attain emotional independence and psychological stability. My background lies in Broadcasting, network marketing, and Human Services. I believe that crises and extreme stress is necessary for one to grow and figure out what matters in life (Tony Robbins). This keeps me going when frustrations arise in my business. View all posts by smartspending5

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