I think depends how you see it, for some people is an investment and for other a waste of money (if you DONT take full advantage of your device). Personally, I love tech in every aspect of it and surely will upgrade from my iPhone 13 Pro to 14 Pro Max. A yearly upgrade hurt less than buy each 5 years and spend a fully $1,100+tax (USD) and hold onto that crappy phone and hope it will be pristine for 5 years (no hardware issues etc). For me is an investment, that device in your pocket can record a video/audio, take pictures instantly, browsing internet, entertainment (countless music/videos), see your long distance family (thru FT), GPS Maps, study/learn in every corner (im MD (physician) student)), manage your bank account, money maker (uber, stocks) etc . If I told my dad back in the 90s that a pocket device will do that and more for $1000, he will pay it without hesitating. Now, those same people that whines about: """is a waste of money, is to expensive, I'll keep my iPhone 3GS because the upgrades are minimal""" are the same ones that spend money on lunch/Starbucks everyday religiously. If you add a $5 lunch (that doesn't exist) and a $5 Starbucks (sike) is $10 daily (without adding any extra expenses like breakfast, vending machine...) and multiple by 20 weekdays = $200 monthly on those things and $2400 yearly. In that case, for ME is a waste of money because is unhealthy and a lot of money for trashy food, but for others is an investment. POV people...POV.