I feel like when I was younger and phone tech was changing a lot in the early days of the iOS and Android the difference even 1 year made was sometimes huge. Nowadays it’s much more incremental. A slight processor boost here, a couple GB of Ram there. I think a large part as to why that is is two things.

One, the tech has stagnated to some degree. Innovation doesn’t exactly sell a phone to regular non tech folks, a stable “don’t have to think about it” experience is what most people are after.

Two, a lot more issues with the cell phone platform are solved with software rather than throwing around more powerful hardware.

All that being said when I was younger I loved the idea of bleeding edge tech in my pocket, I upgraded all the time. The appeal was more customization at a lesser cost to performance, I wanted all the bells and whistles and less of the jank that came with it. I’m a little older now and lean much more towards the “give me something that works and doesn’t crash for the 10 minutes I have to look at my phone” club.

For those that upgrade to the latest iPhone/Pixel every year no matter what, I chalk that up to lots of expendable funds. It doesn’t appeal to me any more but I can also recognize that there are probably plenty of people out there now, like I was 10 years ago, so it could also be a general interest in the tech and how the bleeding edge keeps pushing for faster, more efficient technology.