Samsung sells phones with comparable hardware for half that price, though that model will only be updated until 2028.
The Oppo A94 and the Oppo Find X5 Lite come pretty close for €259 or €294 respectively, with almost no update guarantees. The Xiaomi 12 Lite for €305 should be a bit better in terms of updates, but for the "standard" five years you should start looking at the Samsung models (A34 for €349, A65 for €380).
€700 is cheap for a repairable phone from a small company, but it's definitely not low on the smartphone price spectrum. Android phones that are slow, but honestly better than what I have paid €450 for a few years ago, are going for about €90 these days. Those phones even come with free chargers, something €2126 iPhones lack.
The Oppo A94 and the Oppo Find X5 Lite come pretty close for €259 or €294 respectively, with almost no update guarantees. The Xiaomi 12 Lite for €305 should be a bit better in terms of updates, but for the "standard" five years you should start looking at the Samsung models (A34 for €349, A65 for €380).
€700 is cheap for a repairable phone from a small company, but it's definitely not low on the smartphone price spectrum. Android phones that are slow, but honestly better than what I have paid €450 for a few years ago, are going for about €90 these days. Those phones even come with free chargers, something €2126 iPhones lack.