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Seems like many phones these days come kneecapped with no SD card reader.

It is fairly uncommon for phones to come with SD card slots. It is hard to blame them, as cheap unreliable cards must lead to a lot of support issues.

I believe it's more to do with the people making the phones wanting to sell you cloud storage.

I dont think those ~$20 listings are for legit cards :) Real 1TB cards are ~$100