A modern smartphone is a tremendous device. In convergent mode many people would not need a laptop or desktop. With replaceable parts and upgradeable open source software it could last a decade. Further, what exactly is a sane digital society without embedded surveillance worth in dollars?
There is no reason why such phones shouldnt have a mass market and more approachable prices. The status quo is a market failure, not a law of nature.
No.. This is the price of buying a phone from a company that doesn't know anything about hardware design, and nothing about software needed. They're a scam.