I mean arguably, this is good.

The amount of waste produced due to phones not receiving new batteries and software updates was utterly insane, given what goes into making them.

100% agree. This is generally a good news story. The e-waste issue is one of the darker aspects of tech which is mostly ignored. We should promote brands like Fairphone and Framework that are trying to make a difference here. Reuse more of your kit!

It's good if you're a tech guy in silicon valley with a good salary who used to upgrade every year to the latest pro max.

It's terrible if you're a labourer in India who buys phones under 10k INR (~100 USD) when your salary is 20k INR per month.

Unfortunately there are way more in the latter category than the former, and most of them won't know what ram is. They'll just be paying more and getting less going forward for a few years.

(Source, the salaries and phones I've seen of the staff at office. And we're in a major region you've likely heard of, not some tiny rural village.)