Earlier quoted context omitted.
What a dumb question. This is a luxury. Why buy an Audi, Mercedes, BMW, if you can put the money in a mutual fund.
We don't go "hey i've saved up $100000, let me buy a Merc". But that's what I see quite a few people doing . They "save up for an iPhone". If you have to save up for it, you better think of other uses for the money than a luxury item for wasting your time.
That's what it.
Personally I only buy 10K rupees Oppo/Xiaomi/Vivo etc every 2 years and it works just fine.