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If you do the math there is a 1 in 1000 chance of getting a $200+ item and a 99.9% chance of getting one of the first 3 items. The number varies slightly with the number of drops. Eg if 4000 people drop you have a 5 in 4000 chance of getting a bargain.
Statistically if you spend $25,000usd you will get 1x $200+ headphone and 999 of the cheaper earphones.
I think you should only join if wanting one if the actual 3 first phones as statistically all the prizes amount to <$1 discount per purchase. Only posting this so people can make informed decisions. Good luck.