The processor is way faster. And the camera is probably way better (and still not anywhere near good enough, FWIW). Maybe you just don’t care about those features?
> And the camera is probably way better (and still not anywhere near good enough, FWIW)
The camera on a $1000 iPhone is not good enough? For what? For whom? The cameras on mid range smartphones are amazing, these days. A $150 China phone or $250 West phone is great these days. It is basically adequate for a whole lot of use cases, including normal day to day usage.
The camera on the new phones are amazing, but nowhere near good enough. I think the bar for good enough is that every photo a regular person takes is an objectively great photo. People use these cameras to capture important moments in their lives. Important moments deserve great photos. Computational photography has gotten us much closer to that, but there is still a long way to go.
To capture important moments in their life, people have used worse quality in the past. The quality is going only up and up. When is good good enough? It has been good enough for me for quite a few years already (although always JPEG being compressed, so loss of details from get go).
Also, smartphones with multiple cameras are, in a way, unrealistic. There's quite some lack of realism in today's cameras, akin to autotune.
It is also not possible to take an objectively great photo. Everyone has different biases, interests, quality thresholds, etc. See e.g. [1] for a (result of a) blind test.
Your preferences != other people's preferences. Most people prefer things to be faster. And most people do not own or (if they do) carry a DSLR. Phone cameras are important.