Saw some map showing Montana min wage is $4. Even if you use your phone 8hrs a day (a ton of people do for work), you own it for 24. So that's $24 a day.
It all a bit pointless math for HN crowd, but it does give some perspective - there are places where pay is very low and you don't even need to look far. People do actual work on their phones there.
Min wage in Montana is $8.50/hr .
And it's probably not healthy to be on your phone 8hrs a day.
But if you are, then a $1000 phone is only 25cents/hr over 2 years, when you can resell your phone for half price.