How are you comparing? Is it obscene that a bike can cost more than a car? That coffee beans can cost more than kidney beans? That a pound of caviar can cost more than a a pound of the fish it came from?
Yes it is obscene that a phone cost more or equal to a Macbook Pro.
It is obscene that a bycicle would cost more than a car (i do not know which).
Comparing technology it is plain simple. It is technology/product. Compared food does not even compare.