The reason I am not upgrading is I can't afford it this year. I am sure it's a great phone. I have an iPhone 16 PM
I have a 16PM and ultimately decided to punt on the upgrade as well for various reasons. One being I just laid out over $2K for a new 16" MBP which I wanted more than a new phone. I'm happy with that move. I could upgrade to the 17PM through Verizon and pay$200+ activation to do it if I send the old phone back. I usually would scrounge up the $200 and make it happen but right now I'm just not feeling it. So I'll stick to my gut. The 16PM still has 100% battery capacity after a year of use (which really surprises me. I'm sure someone will call BS on this line, but this is what my system settings say) and I have it covered under AppleCare so I didn't see the point.
At first the orange color of the 17PM was a "WTF" moment when I saw it. I was like how hideous is that! In the past week it's grown on me and now I want it. Alas, it's sold out right now. So for now I'll keep the 16PM and keep paying my VZW contract down. When I hit 50% in about 6 months the 17PM's will be plentiful and I will be able to upgrade for nothing out of pocket. So maybe I become the guy who updates mid product cycle for now.
I suppose it's wants and needs. I would like to go get a 17PM in orange right now. I have spent my money on other things I thought were better off chasing my money (my old MBP was an M1 and I wanted a bigger screen). My 16PM is still a great phone and does all the latest stuff. So I'm good for now.
But for some reason that orange got its hooks in me and I can't explain why. Only thing I own that's orange is stuff with "Philadelphia Flyers" written on it.