He postulates that people who buy now are actually betting against the future (your smartphone won’t get any smarter) whereas technophiles may be best served by delaying their purchases since they believe the future will be better (look at all the new things my smartphone can do).
Liz and I existed with Tracfone cell service and cheap flip phones for years until 2017 when I bought my first (and so far, only) iPhone, with Liz following suit a few months later. By that time, many of our friends were texting and sending photos back and forth; with our phones, we could now join in the conversation. Neither of us scratch the surface of the iPhone’s capabilities.
I will likely hold on to my iPhone SE till it makes sense for me to spend gobs of money on a new one. I held on to my used cars for years before my first-ever new car, my beloved 2007 Honda Fit (Blaze Orange Metallic!). I bought the Fit in the summer of 2006 as a special order, before it invaded our shores. I’m still driving it today. The car will have to cost more in repairs and inconvenience before I think of upgrading.