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Same, running a xiaomi mi 6 since early 2018 with LineageOS and it’s still perfect for me. Sure, new phones have better cameras and screen but the difference is not that noticeable. I’m using a google camera app so that improves the pictures significantly so that compensates for my needs
And the software development. I wouldn’t be surprised if the total cost is close to the market price. Apple doesn’t really need to make profit with this, but to create a market first.