I think that's a fair assessment, considering that one could have connections with everything from LinkedIn to trading platforms such as Robinhood, this wouldn't be an "end-all" solution.
It is up to the individual in assessing what their immediate needs are and what is considered a "luxury" that can be dropped or accessed another way.
Generally I found that I can live out the need to look at my portfolio, and delicate other needs to my laptop, which is a better tool in handling those tasks anyhow.
It hasn’t been banking that has been the issue so much as transport and logistics. No Uber. No Lyft. Have to write down cab numbers for random cities. Some airlines really don’t want to do paper boarding passes anymore. Some companies only have chat support.
Yeah admittedly this is a pain point. I ride subway/rail and use the Ventra app, which doesn't work with the 6300 due to the lack of NFC (my biggest use), cue the iPhone.
I wish we would get another 6300 with NFC, that would resolve the need to carry the iPhone. If I were less...ethical, I could just use my Flipper Zero and board that way.
And even that comes with the caveat of also having a tablet.
That choice costs them numerous hours extra. It’s not easy to lose the apps.