> That's $16 per month. Easily affordable for most of developing world.
This argument sounds a lot like a used car salesman.
I think focusing on the monthly payment is deceptive. Especially with a device like a phone which could easily meet its doom before the 5.2 years used in your calculation are up.
It's reasonable to compare the total cost of ownership or the up front price. Your choice is a $1000 phone or (say) a $600 phone (new iPhone 14, no tax). There's $400 difference there. That's your money making the choice.
The question of whether it's worth it is something else.
This argument sounds a lot like a used car salesman.
I think focusing on the monthly payment is deceptive. Especially with a device like a phone which could easily meet its doom before the 5.2 years used in your calculation are up.
It's reasonable to compare the total cost of ownership or the up front price. Your choice is a $1000 phone or (say) a $600 phone (new iPhone 14, no tax). There's $400 difference there. That's your money making the choice.
The question of whether it's worth it is something else.