This has always been the case though. Before the smartphone, it was computers and internet; before that it was landline phone service. Both of the latter were far more expensive than a modern smartphone, so we are actually making progress in reducing barriers to social participation.
Landlines didn't spy on people. Computers and Internet, well, depends on which OS you are on, but there are options that don't. What about smartphones? IMHO that's the big issue, not what they cost.