It's fine that the App Store stopped accepting 32-bit submissions, or is placing 32-bit apps near the bottom of search results to prioritize newer 64-bit apps. But it's not fine to break or remove them all.
Some 32-bit apps are outdated, but simply don't have a suitable or cheap replacement. Some people even have older devices that would benefit from older apps, and they would lose access as well. (I was able to download/install Koi Pond and a couple other apps on my iPhone 2G still, because they had been abandoned, but were still hosted on the App Store.) Considering your name is OldSchoolMacGuy, I'm surprised you didn't even consider that.
But lastly, it is about profits. If these abandoned apps were making Apple a decent amount of money still, they wouldn't be taken down. If it were profitable to support older devices, instead of just the opposite, they wouldn't be taken down.
No one is making you upgrade. There is no requirement to get a new device or to upgrade to iOS 11. None. You can still use those apps all you like if you have to use them.
You're like the guy crying that you can't run this fancy new unleaded gasoline in your 1942 Buick.
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I agree with most of your points, but for every company it IS about profits. Especially if you end up supporting software that isn't yours and the original company either doesn't exist, has decided not to update the older software, or perhaps people don't like the upgrade and want to stay with the old version.
That's true. There is a support cost to Apple continuing to support old apps since it's obvious that the makers of those apps have long ago stopped supporting them. This is a move to save Apple and consumers money as they will no longer have to waste their time and resources not only building an OS that supports old 32-bit apps but also supporting those apps and the problems they cause.