Son is 16, best friend is 17, they go to the same high school. Best friend’s family’s wealthy. He bought son a brand new iPhone 16 Pro Max & a pair of AirPods Pro 2, so they can “match”. Son’s obviously very happy, but I think it’s a bit too much. I called the parents and they said it’s fine, it’s just pocket change.
Getting him to returnerte it might damage the friendship and cause issues between you and his parents. Maybe try and find a mutual understanding that this is to much for future presents instead?