I think it's a great comparison, you don't buy an expensive folding phone if you just need a smartphone, it's a luxury good just like a PS5.
I think it's a great comparison, you don't buy an expensive folding phone if you just need a smartphone, it's a luxury good just like a PS5.
I have a friend who is not at all into luxury stuff but bought one because he never used a computer and was appealed by the screen size to make the administrative stuff he was struggling to do with a regular smartphone.
Having said that he is also known to make some bad purchasing decision and living in constant debt.
A $500 console is not a "luxury good", unless you also count having a flat screen TV as a luxury good. Games is one of the most common things done in a household today
A $2000 phone (which will never be $2000, it's the minimum spec) to watch youtube videos and enjoy apps with bad layouts is in another category entirely.