Hehe it is a bit up and down what people prefer to spend their hard earned money on, personally i would not pay more than 200 USD for a phone.
And i would prefer not to have a phone at all, but circumstances force me to have one at the moment, but i have already gone almost 10 years without a phone around year 2K and i liked that a lot, and there are little in a smart phone i can use as a excuse to have one in the pocket.
But i will happily spend many 100s of USD on computer parts i dont utilize fully, my current computer case for instance, i think it cost 300 USD more than most sane person will use for a box that hold their hardware inside.
And next year i would like to upgrade my computer again ( been 4 years now ) and the new 8/16 core CPU's are just making me itch so bad, but other than a little video editing once in a while i have no real need for such processing powers.
90% of my computer needs could be handled just fine on a mini style computer.
Another thing are my TV, its a 6 - 7 year old 1080p LG TV, and i dont plan on updating that before it stop working, and then i will have to think really hard if i actually want a new TV again as most of what i can see on it are just mind numbing stuff i dont care for.