For most people in the emerging market, their smartphone is their only, and often times, first, ever computer. With the new normal of everything long distance (learning, working, etc), the phone has become the primary all in one computer for many.It's a freaking cellphone. Last thing a tiny screen phone needs is 8-16GB of RAM and 10gigabit 5G. This is just specs for dick measuring contests, but not for actual usage.
Even in developed countries, the smartphone has become an indispensable always on computer in your pocket. More or better tech won’t hurt. Diminishing return at certain point, maybe, but still welcomed.