I disagree. I usually sell my old phones to friends or family for trade in value - it pays off the balance and I upgrade.
This year, I actually sold my phone last week so for the past 7 days I’ve been using a 2020 iPhone SE. Not only does it remind me how much I love that form factor, which is a story in itself, but it makes going back to the PM feel newer. If you’re only ever going from the latest to the latest, you’ll never feel the difference. That’s on you, not apple.
Technology can only advance so far and apple certainly won’t be screwing over their own business model when the industry standard is to release marginal upgrades on a yearly basis.