Sadly in my experience the boots theory is no longer accurate as the $50 pair of boots fall apart as quickly as the $10 pair, especially when talking about electronics. There may be longer lasting devices out there but the price is so beyond my price range that it may as well not exist.

Updated for 2024, the boots theory would read something more like a $50 pair of boots lasts for one year and is mostly comfortable to wear, the $10 pair lasts for one year but is uncomfortable to wear, and the $2000 pair of boots is comfortable and will last many years but anyone who buys them will toss them after one year anyway when “the fashion” changes.