Yes that is definitely a problem they have. I tend to get them around the holidays, so I am actually using last year's hardware each release.To me, one of the largest problems with Pixel is their launch date.
They're bringing up the rear, and basically any Pixel user is always a year behind on available processors. I think June would be a MUCH BETTER month for launch. It would slot in behind Samsung and of iPhone nicely.
As it stands, Pixels are already dated in the Android world when they launch in October/November.
And for the love of life, at least make the hardware "mildly" attractive. Sheesh!!!
I am not sure they're in a position to dig themselves out of that situation anytime soon. These first 3 years, they have seemed barely able to keep up with the schedule they've been on.
I think the phones are getting better looking on the backs and sides. The front needs work.