Similar happened in this office... until it got out that one of the girls involved in the mocking spent £900 on a handbag last weekend. I won't be buying an iPhone X, but I don't see splashing out on having the latest phone as a status symbol as any different from splashing out on [insert any...
Isn't that standard? I'm sure my TV only came with a one year warranty, but it's still going years later.
There's a big difference between being able to expect it to last five years in practice (which I think I can), and the manufacturer being legally liable if it doesn't.