Yes, but it depends.
We had S8s that were getting noticably slow. We upgraded to S21s when those came out and those are significantly faster and haven't slowed down.
We use our phones a lot, so significant slow down is noticable and annoying. But our phones are fine right now, so no reason to upgrade.
Christmas lights. Everyone needing a bigger or better display, or needing to put something out when they can't afford the electric bills. Folks feeling the need to put out something because the people around them are.