3 years from now, the PS4 will be 5 years old and much cheaper than a high-end smartphone.
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yes, but a high end smartphone will always be cheaper than a high end smartphone and a PS4.
the point isn't that phones are cheaper than other things, it's that you need one anyways.
You may need a smartphone, though that's debatable, but you don't need a high-end expensive one. And those wont't have paper specs anywhere near PS4-level anytime soon.