Not the Apple Silicon one (yet?) but that's the history for several of my past MacBook/MBPs.
Even when able to upgrade som parts, chipset limitations still hit, so ran my MBP 15 C2Duo with 2 drives in it and max RAM until RAM and CPU were bottlenecking for work, then a plastic 13" MacBook, also upgraded the drive and maxed RAM to double 'max per Apple' and used it until bottleneck.
My 2015 MBP with 1TB and 16GB unfortunately ran out of both storage and RAM, although the (Intel) CPUs weren't overly impressive in performance jumps across generations, while Apple had nothing (laptops) > 16GB RAM for several years until I bought the 2019 MBP16 2TB 32GB - gave away the prior aforementioned laptops and a few other devices to kids at my wife's school during the COVID shutdowns (school 'claiming' everyone had devices, but no, and no, an ancient phone doesn't work for remote elementary school, sorry..)
I just picked up an M1 Max 64GB 2TB 14" MBP... I didn't
need to get rid of the 2019, but I also have a long history of responsibility for purchasing datacenter servers and developer systems, etc., so also buy my own in general 'with some room to spare.' I don't foresee 'needing' to replace my M1 Max MBP anytime soon, and it's on AppleCare for another 2 years. I may kick myself as the GPU cores become more performant on M2/3/4, but short of a 'why not/present to me for big occasion' I'll likely be hanging on to the 14" MBP until 2026, maybe longer (I typically try to get 4 years or so)....but none of these were base machines.
My wife is rocking one of the last Intel MBAs - for her work as a teacher, 8GB and 512GB SSD is fine and she loves it. If she hits a performance bottleneck (unlikely), or storage, it'll have gotten some good use and time out of it bye then so no regrets. (Amusingly, I used to buy her 13" MB Pros, but
somehow she had a knack for killing them, both in unusual ways, as in pick it up and it powers off. Thought I had a fix in a frayed internal cable, ran stress tests, used the thing all day long after replacing, no problems - a day later, it's 'dead' again for her, so now - no MBPs, only MBAs for her
).
Note on all of them, they were far from 'immediate' issues - I got the expected time out of all of the systems mentioned and specced them appropriately for their expected use and lifespan with me, or with an upgrade that I knew going into it I'd be doing (when you still could). The upgrade prices are massive profits for Apple (Samsung Pro or WD Black SSD vs similar Apple 'upgrade' at 3-4x the cost, same for RAM) and it hurts, but it's just more motivation to hang onto a properly specced system longer.