While I agree with the spirit of the thread and dearly love my mini, I think this reasoning doesn’t account for a substantial reduction in bezels: my iPhone 5S had more than a centimetre of black bars above and below its 4" display (altogether it was 5.4" in diagonal), I bet those phablets you mentioned had even bigger bezels and were closer to modern 8.5" phones.
- 7" used to be tablet category, e.g the Nexus 7
- anything above 6" would be considered phablet
Phones are really just like cars now, size inflation included.