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It's also counter effective, because if your old phone works fine and fast, why would you buy a new one? It's the complete opposite of the planned obsolesce Apple is accused of by slowing down older phones.

What about emerging markets where people can only afford iPhones a gen or two behind? Not everyone is fortunate to have first world salaries.
 
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My iPad Air 2 may finally get updated from iOS 8.4.1. :)

Careful, it may be a trap. Once you update you'll find it's as slow as any other update to get you to buy the latest hardware (I mean last year's latest hardware obviously).
 
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