I just remember buying an iPhone 13 at $1000 in 2022 and selling it at $750 3 months ago. yes, the value of electronics always decreases over time because of upgrading a new one. consumers will always lose and get nothing when buying these needs. So, with $750, I buy bitcoin and got a profit when sold it on the next month. Actually, a cheap cellphone (Android at $250) is sufficient for our needs, Bought iPhone is just for style which can be covered by only a cheap phones.
Not only electronics gadgets are affected with this price depreciation but the truth is that they're the most affected despite the fact. Phone brands entirely are found of exploiting user's hard earned with their subsequent launching of phones on a month or year interval. Funny enough, these phones are almost similar with little changes in operating system or design but since human wants to be associated with anything latest, we rush to buy it and sell it at depreciated price when new version is launch again so we can get it.
But there is nothing bad for someone to continue buying the new iPhone that comes out when they have the money because we work for the money to always comfort ourselves and make ourselves happy, so it is necessary to spend money on things that will make you happy when you have the money because money is made to be spent and we can't just continue making money without spending it,but the truth is that when someone doesn't have enough money, it will be better to invest in something like Bitcoin than buying an iPhone just to satisfy people.
I understand your point perfectly. It's actually good to spend more money on yourself and the things that gives you joy but only when you already made more money. The bitter truth is that some people will struggle to get this latest version of phones while they struggle hard to feed or pay for their accommodation. I have seen some people using those phones and they can not even afford to do monthly data subscription and I wonder if it's compulsory to feel among when you know you're beneath. What's the essence of using expensive phone when your life is not expensive? Your savings and investment should be more expensive rather than your phone.