I don't claim to be in the upper echelons of IT, but I worked my entire career in it, let me describe to you every piece of functional (i.e. turned on and vaguely modern) kit in my house:
1 laptop (until this week, was 2008 model, now I have a 2020 model!).
3 Raspberry Pis (2 x Pi4, 1 x Pi 3)
A laser printer from 2000 (no exaggeration).
A router from 2010.
A 4G box from 2018.
A projector from 2010.
A smartphone (2020 model, but quite budget).
And that's... pretty much... it.
However this week alone I spent £25k+ on Chromebooks for work, not to mention monitors, PCs, laptops, phones, etc.
The reason is quite simple. When I need to do work, I connect to the work stuff. Which is £100k+ of servers and same again just for the networking. When I'm at home, I just need stuff for me, and to connect to work (where the real stuff is).
Hell, I've been issuing junk to people just so they had something to get online with so they could remote in and use their "real" work PCs and so on. Now I wouldn't expect some IT guru to have *nothing* at home like some people, but they don't need to take all the proper kit home - and if they're dealing with data, they damn well shouldn't be!
And I have done my job entirely from a foreign country using a phone before now. It's not fun, but it's possible. Now that we're in the era of HDMI / USB / Bluetooth on phones, connecting a mouse/keyboard/monitor to one and using it as a full PC is more than viable - they are actually damn powerful nowadays! But you don't need to have a lot at home to log in and use the real kit.
There's actually a psychology at work here. I will in preference issue a merely "technically viable" device, over some shiny new expensive kit. It encourages people to actually go out and get their own if they want something better, while removing all "I can't work from home because the company didn't issue me with anything" nonsense. If you gave them Macbook Pros (or whatever), they'd ALL want one, it would cost a fortune, and anything else wouldn't be seen as acceptable, even for the new kid or the IT guy who already has everything at home.
Give them something that is viable - not just minimum spec, but enough that they can't really complain about it. Then if they want something better, they can shell out for it. But if they have nothing at all, they'll be grateful for it. You save tons of money. Everyone is happy. And the techy guy can pay-for and use what he likes (if you have such a daft policy).
I find laptops, especially, to be a status symbol item. Someone gets one not because they need it but because they want to be seen to need it (they're SO important, obviously, that they've got to have a way onto the system even at 3am, etc.). Then others want them because X has got one. Then everyone strives to get one and kicks up a fuss because "Well, X was given one, aren't I as valuable an employee?". And before you know it you're paying for everyone to have laptops that nobody uses, but that many people break or just use for their home browsing despite it being a corporate device.
If you don't go down that route, or if you stop at the "This is perfectly adequate, and that's all you're getting" line, then it works far better.