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How Often Should You Upgrade Your Gadgets?

It all hinges on the Lam Quotient: the cost of a gadget, divided by the number of hours you'll use it over its lifetime. That's good news for smartphones and bad news for tablets — and in the case of a laptop, you're often better off upgrading components.

Posted on October 18, 2012, at 12:16 p.m. ET

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