Though there are now Profesional Cameras with up to 7 Sensors and Lenses; Still a single good quality sensor and lens can take the best pictures. That may change in the future !
Agree with you! Markets also seem to start equalizing pricing as the tech difference, or the "Usable tech Differences" between entry and flagship products narrows.
Almost Every phone is starting to look the same with similar features... Soon even entry level phones may do 90% of what flagships do. Then market share and profits of the big companies will drop.