This is true also for Smart Phones and devices.
I am a big fan of the Motorola Moto G smartphones for being in the sweet spot of being fast enough to deal with the applications that you need. You can find them in the $180 - $200 range via SlickDeals.net
When I was divorced last year, I went ahead and splurged on the Samsung Galaxy S10+ and a Smart Watch thinking that would impress the ladies. Because of the nature of my life, I rarely went outdoors. I could definitely tell that the phone was much more responsive, but I was perfectly fine with the Motorola Moto G at a fraction of the price. I will switch back to that most likely once my phone dies.
I also found the watch to be annoying to wear as I rarely used it. I was able to sell the watch.
One of the other major problems I'm noticing with smart devices is that the batteries start inflating requiring me to replace them. This may be compounded by the fact that I keep my devices plugged in charging all the time, which I discovered is a big no-no.
I have some smart phones with removable batteries that are still functional even after 6 years. It is an LG G3 that is still functional and I've had to replace the batteries a bunch of times. It is easy because it was designed to have the batteries easily replaced.
I have another device, the Samsung Galaxy Tab S2 (it's a tablet) which is still working great. I've had to replace the battery two times, but thankfully, it is a relatively easy process.
I have other devices, unfortunately, which have batteries that require the removal of the screen to replace. The process is so difficult, that many stores refuse to even attempt it.
Also, I'll never get any waterproof phone again. When you have to inevitably replace the battery, it loses its waterproof seals.