It’s all about image and prestige and that’s one of the biggest reasons nowadays if you ask me.
I’m fairly certain the second item does?
Mattresses, phones, computers, desks, chairs, etc. Is a thousand dollars for a phone a lot? Well, depends on how you look at it. I use it for more than an hour a day, every day, so a 1000 dollars over two years for a device like that doesn't seem insane to me. Comes out to about a $1.40 a day.
To me 1000$ for a phone is a lot because it’s only marginally better than a 500$ phone.
Also phones are big liability. Odds are a good mattress or chair will last ages. A phone lasts 2 to 3 years generally.
- Locked into two year contracts where a phone upgrade is "free" every two years, but they are spending $100+ per month for that "free" phone
As a Canadian, I have a $50 plan with 12 gb of data (pretty good deal for here). If I wanted to get a new iPhone 13, I'd have to spend $300 up front (would be offset if i had an old device to trade in), plus an additional $33/month for two years, plus choose a plan that was at least $60 base. So I'd get a "free" phone every two years (as long as I had an old device to trade in every two years, and paid twice as much per month).
I won't do these things, so I have just replaced my $300 all-in phone from 4 years ago with a $400 all-in phone.
I can’t speak to whether you’re any of those, but I can say this. Anyone spending significantly more than that (I’m included in this category) is either:
- Buying it for the quality of its camera (me again, not that I’m an especially avid photographer; I almost exclusively take pics of my pup)
- Some mix of spending too much or not realizing they’re in one or more categories below (some large majority, I’d wager)
- Doing a cost benefit analysis that favors spending more upfront for a longer-term investment (me again again, although my phone ownership lifecycle has shortened significantly; it’s still beneficial because my hand-me-downs benefit loved ones)
- Married to the software (me once again, much moreso on mobile than on general purpose computers these days)
- Enthralled by compute power or some other hardware particularity (o_0 I’m probably just getting old but I mostly don’t get this… okay I’m amused that my phone is more powerful in many ways than its current high-end laptop companion)