I think the reality is somewhere between these two points.
A money grab by Apple? To some extent yes, but a corporation devising a strategy to generate more income---shocking!
But I'm sorry Apollo, your reasoning in bold is pure rubbish. You're essentially saying the analog headphone jack is the pinnacle of development and should never be changed. That's like saying we never should have moved past vinyl, 8-tracks, or cassette tapes.
Your argument is a complete regurgitation of everything said when Apple ditched the 30-pin connector. There were not stop posts by people complaining that they'd now have to repurchase all of their cabLes and accessories (and there were plenty of expensive versions of those too). The folks who use expensive headphones now while either decide that their headphones are more important to their experience than the iPhone and switch phones (plenty of choices) or they'll get different headphones. And if enough people choose the former and Apple sees a significant drop in iPhones sales, then maybe they'll reconsider their decision. The more likely scenario is that most people using traditional wired headphones will grumble for a moment, then pick a wireless or lightning port compatible solution and move on with their lives and in a year or two this will all be ancient history.
But portraying this like the consumer is getting screwed is preposterous. People can easily vote with their wallets and choose something other than the iPhone, simple as that. My guess is most complaining here are overvaluing
most people's ties to their headphones. And
most people actually going the latter route doesn't mean they're sheep as some here love to portray them as but rather that
most people don't care that much because they probably don't spend more than $30 on whatever wired headphones/earbuds they use..a far cry from the $650+ they spend on the actual iPhone itself.