It’s not just reductionist, it’s a misuse of the word in a way that is becoming more fashionable. Buying phones does not come under the meaning of privilege, unless perhaps you’re in prison (I struggle to think of an example that might occur and isn’t patently absurd). The rest of us can walk into a shop, those things that are open to the public.

Hopefully this misuse is just a fad and we can go back to a more sensible use.