A phone isn't like jewelry. It's a lot more like a car. Lots of people upgrade their cars frequently, and even more would, if leasing cars was a better deal than it is.
Cellular service companies have been making phone leasing a relatively good deal for a decade now, so most people are used to that business model. Hence frequent updating.
I agree with your observation, and please don't take this as a disagreement with your point. But it re-affirms to me that, yeah, the marketing for phones is working like advertising for cigarettes, or variations of sugar water.
It's a product that is essentially produced at a very low cost, and the major impetus by the manufacturers is to advertise to people that they "need" it, while the user experience does not
essentially change.
You are correct that it's "like a car." But I don't get that either. I don't get people who drive a Mercedes SUV that is, essentially, the same kind of vehicle that a Ford or Hyundai SUV is, but $20K more. But I'm not that market. And I'll call it out when I see it.
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I think it's a matter of personal priorities. $900 is either a lot of money or not, depending on what you compare it to. You could easily spend $900 on something that will be gone almost immediately. A pair of plane tickets. A pair of tickets to see Hamilton on Broadway. A donation to charity.
I've watched people crawling on the floor looking for a lost earring (or just a precious stone that fell out of a ring), and I thought to myself, "Why would anyone spend so much money on something so easily lost?" I watch my sister's young children roughhouse near a couple of original oil paintings worth thousands of dollars. One false move, and they could easily destroy one of them.
Purchasing expensive jewelry is not my taste, but I understand it in the way that, at the very least, gems and metal rings are durable, and in theory should have value in 100 years.
I understand purchasing and using computers for their purpose. I use my computers for hours every day. I can't understand spending a lot of money on an expensive computer for no compelling reason.
The defense that "hey, some idiots paid millions for Fabergé eggs, too" is not one I will mount for the Apple Corporation.