For smartphones you are paying for all of the miniaturized tech in a very compact package. Every component of the device is usually cutting edge or groundbreaking in some way, whether it be double the megapixels on the camera over the last generation, a faster SoC that is able to dissipate heat better, a longer battery life, greater pixel density on the screen, wireless charging, the latest wireless radio technology, etc.
For televisions you are basically paying for the screen per inch. Some more expensive televisions have some features like localized dimming, better color accuracy, low latency mode for gaming, etc. Sometimes you see new technology like vibrating the screen to produce audio, but mainly it’s the screen size that you’re paying for. The smart device features that come in your television are usually really low-powered budget android (or other OS) chips from years ago.
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