I am sorry, FJ, but as my own previously done calculations were missed by a factor of 10 I took out my magnifying glass searching for a mistake either in your or my way of calculating.

Unfortunately it turned out that, following your numbers, 1% of the annual smart phone market is worth just $77,412,384, so this would cause a SP of $27.86.

Anyway folks, remember this represents just one percent of one vertical, so everyone may multiply by factors at pleasure.