Surely the much smaller individual sums spent on something like Xbox consoles is far greater in the aggregate than a few Lambos?

As soon as you get into rating the worthiness of a spend it becomes a bit puritanical.

The ironic thing is that I mostly agree with you, but judging others ‘wasted’ spend is too slippery a slope to go down.

Yup, I agree with you too and to me the slippery part is to talk about ratios.

Definitely absolute values have a meaning to me, otherwise would not make sense to talk about billionaires and non billionaires and a better classification would be starving and non starving people.

Interestingly according to the above article, Lamborghini had $1.93B in revenue on 7430 cars, while it appears XBox had total hardware revenue of $2.29B in 2020. A handful of Lambos does seem to be worth thousands of consoles!