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When I was younger, I had to have the latest. Now I don't upgrade any device, except when it dies, a new one offers a serious advantage that I really want (given that I can afford it, of course), or if the old device cannot do anymore what I want it to do, for whatever reason.
This makes that I currently keep most hardware somewhere between 5-6 years. For me, the last reason (can't do anymore what I want) is the most common cause to upgrade eventually.
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