It's not the same kind of device running with the same constraints. Phones were pushing the limits of miniaturization. The difference in the underlying technology is vastly different. Comparing a laptop from 2002 trying to run the current Debian is more apt.
I would say I keep a lot more data on the X220 (using a 0.5TB SATA SSD) than I could store on the X40 which had a 40GB PATA drive. It had USB2 and SD card ports though, so I could in principle have added a high capacity SD card or whatever. The X61 of the same era is still a viable machine and I think it had a SATA drive slot, which means it would be pretty usable with today's ssd's.
Mostly when we are talking about phones getting upgrades or not getting upgrades any more it is about updates from the manufacturer, so I don't see where you are going.