This sounds like an optimistic comment from a decade ago. Cost of storage has gone up recently, as a glance at data-hoarder fora will show. Phones have less storage capacity nowadays inasmuch as many manufacturers are removing SD card slots. The idea is that normies keep stuff in the cloud; self-storage of very large amounts of data is an edge case.

In my country, the typical laptop purcase from a retail chain is still 512GB or so, and moreover, few and fewer people own a laptop since it is becoming normal for a smartphone to be one's only computing device outside the workplace (even uni students are foregoing "real computers" now). Anything more than such a basic laptop is a premium product, and premium products cost premium prices.