It's crazy. The main apps we use haven't really changed meaningfully in years, it's still just some UI over some CRUD apps, along with maps and a video player. Throw in some web browsing too I guess, which is also mostly just looking at text and images.

Phone hardware from the past decade can handle this content no problem and they cost in the low hundreds of dollars. The only reason you would need faster hardware is for gaming, but if you're serious about gaming, I'm not sure why you're on a phone to begin with.