Cloud is just a fancy way to say 'someone else's computer'.

Even on vacations, I never took more than a few gigs worth of photos and videos with my phone. All you weirdos who 'shoot RAW' or 4K videos of yourself walking on the streets while holding a selfie stick... bring a long a dedicated camera or a GoPro instead. Stop abusing your phone.

Last I checked Apple also sells 128GB iPhone Pro and Pro Max. It's a joke as the cost of this memory is a pittance.

I'm not using any cloud based service to back up 100's GB of photos, Google can shove that.

Take highest quality video and pics and I run about 25-40% usage on average with 128G Pixel 7 Pro.  All photos/videos are immediately uploaded to cloud, local storage cleared. 128G is perfect for me moving forward.

I'm hitting limit with 256GB 1 year later and I shoot low res stills and almost no 8K. Half memory is music, another are 1y of photos.
I can imagine that with hi res and 8K I would need at least 512GB or more. A lot depends on usage, but for those using raws and not cleaning offline files, 128GB is a big no.