I don't need it now, but perhaps in 2 years when its price drops by half (or second hand) and I would still get 5 years of Android updates, it would make more sense.
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That's a smart way to think about it, since waiting for the price drop still leaves you plenty of update runway.
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I'm still rocking a 2023 motorola 5G.
In the past I had 2 Motorola phones and I was happy with them (I still have them). I am glad there is another option to Google, even when it is pricy at this moment. I believe that with time, the prices will drop eventually. I would rather pay bit more with only 5 years of updates just not to pay Google ever again.