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A flagship is ~1000, a good enough phone is ~200. So, no.

Those cheap phones are made out of garbage and are chock-full of bloatware and spyware. This also applies to Samsung flagships so I guess more expensive doesn't always mean better.

Not necessarily. I bought a 150 EUR Xiaomi for my son 1,5 years ago. The software is pretty okay, the thing is plenty fast, the screen looks good and battery life is great! The camera is not so great, but hey..

I don't think so, this was the first time it happened like that.

No. You get a 2 year old flagship phone for $200-300 outright, instead of $1500+

Samsung also makes the A-series Galaxies which are a pretty solid mid-tier phones that are supported for years, too.

That's just plain bullshit? I just checked my local second hand marketplace, and 2 year old flagship models seem to go for about 35-50% of the current equivalent newest model price.