Or think about laptop / phone storage upgrades; people pay hundreds for those even though they could get away with putting in some time and deleting loads of old data and media they don't need anymore.
Personally, I think even $200 is worth it for a device that can help you securely store and use money amounts larger than its cost by multiple orders of magnitude.
Just imagine someone how many people are throwing away over $1000 each year for buying brand new laptop or smartphone...
Most of them would be just fine with good quality older business laptop maybe with upgraded ram and ssd drive, and similar thing could be said for smartphones.
Hardware wallet can last for years and you don't need to upgrade anything, except doing regular firmware updates.
Than again, I recently heard cheap Lenovo laptops had big issue with BIOS exploits that is similar thing like firmware for hardware wallets.... so I could say that BIOS upgrades are weakness for laptops.
Interesting; I first heard the term from the SeedSigner guy on Twitter, but it applies more to his product than to the 'real hardware wallets' that actually store the seed internally.
I think we have the same source of information for this

SeedSigner is amazing in many ways and they are doing some massive work.