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But where's the money in that? How does AT&T holding back a major update for months at a time help them make money? It makes me never want to buy a phone from them again more than anything.
I think the point they're making is that updates don't help sell more phones, and selling new phones with contracts is how they make money
Carriers likely pay google under the table to implement it that way so they can hold out updates on people and make them buy new phones. They also likely want to make sure all their crap spyware they force on your phone is working the best it can on the latest version so they can get as much of your data as well. Sometimes that might mean holding off a security patch until they themselves have wormed their way around it.
Yes this is all hypothetical, but the money there is real.
That and also pay the manufacturers under the table to not support bootloader unlocking, ensuring that the phone is ewaste after you're done with it And forcing you to get a new one