That's a great question. Given that I have a pile of four generations of smartphones sitting on my desk waiting to be recycled, it's also easy to visualize tha

That's a great question. Given that I have a pile of four generations of smartphones sitting on my desk waiting to be recycled, it's also easy to visualize that brand new $1,000 iPhone X sitting in that pile in a few years time. The new phone looks great, but the marginal improvement over my existing phone doesn't look like it's worth $1,000. (Particularly in light of the opportunity costs involved.)