You are ofcourse right that there are better specced devices in this price band. And HMD is one of the better respected mobile brands. Two GB is also good enough for basic telephony (calls, messaging, video chats etc.) and for various kinds of "consumption" (music, youtube, browsing etc.). Many popular older apps can run fine on it too. Honestly, when Android 5 - 8 could run on 1 GB or less, on single or dual core cpus, quite well, I don't frankly understand how we've come to this point that we now need a new OS (Android Go) to run on "limited resources" devices that have more ram and cpu (cores) ...
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> And HMD is one of the better respected mobile brands.
[citation needed]
All thanks to the Barbie phone.
Probably because Google, Facebook, Insta, and TikTok need to constantly observe where the phone is, what and who it’s near, what’s being said, what’s being done on device, and so on. That’s a lot sensor access, a lot of compute, and a lot of bandwidth relatively speaking. The average phone with Facebook and without has noticeable battery differences even if both phones are left untouched (personal testing, I don’t have formal numbers for that last bit).