The other problem is that more and more content now is designed for (or only tolerable on) larger phone screens. Go to any website these days on a smaller phone like an iPhone mini and more than 50% (being charitable here) of the screen will be taken up by garbage like ads, cookie banners, popups, etc.
It's a vicious cycle. Phone manufactures make the screen bigger, app and website developers realize they can cram more junk on the page, consumers demand larger screens as a result, return to step 1.