I tend to keep my phones a long time.
I tend to buy top of the line loaded ones....I'm currently on the iPHone 12 Max Pro...loaded storage available at the time...I think 1 TB?
Before that I had the iPhone 6 Plus (did they have a pro?)....and IPhone 3GS before that....
Right now, not seriously in the market....my phone still had plenty of space on it, runs as fast as I need, I don't see any speed or battery degradation on it yet.
I will admit I'm looking at the 17's camera and ability to shoot RAW video...that is starting to tempt me.
I guess my phones are not well over $1K, I generally just put it on Apple Pay, get my 3% cash back and pay it off interest free over 12 months.
I have the cash, but figure why not use "free money" if given the opportunity, eh? I keep may cash for it in an interest bearing account or invested, etc...
I frankly don't give a fuck what anyone thinks of my phone, if they think anything at all.
As I'd written earlier, I think in the US, phones are such a commodity, no one looks at them as any sort of status symbol and hasn't for a long time now...