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I feel a similar way. My original comment was about people who get a new phone every year because they want the latest thing just because it's fancy and new, and how it's entirely possible (and much more financially logical) to use your current device until it no longer serves your needs. I however neglected to mention the people in the middle, which is where you, I, and many others currently sit. We are in the fortunate position to be able to buy a new phone every few years because we want to, not because we're under the impression that we need to.
This is arguably the best position to be in, but I may be biased :)
this kinda contradicts your original point. Regardless, phones are a weird exception because many plans subsidize new phones; those getting new phones every year may be doing so because that's part of how they can afford it
Additionally, even having a 2 year old phone can start limiting you. that's around the point in time where you'll start seeing apps no longer supporting some. functionalities on your phone. Phones also are one of the few luxuries many even have access to and they serve a practical purpose.
I'll try and clarify what I originally meant: I think buying a new phone every few years only for the sake of having a new phone is silly. In my eyes, if your current phone serves your needs then you probably should not buy a new one until that phone no longer does what you need it to do.
However, if you want to buy a new phone but do not need to, that's fine as long as you are aware of that. The difference lies in the knowledge of necessity.
If, for whatever reason, you need your phone to be up-to-date (e.g. you are a phone reviewer) then that's understandable. Otherwise, buying a new one is a bit silly.
I hope that helps?