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This is an annoying practice that a lot of these manufacturers seem to engage in. Newer models come out that aren't as good as the older ones, but hey, "it's bigger/has more memory!"
This is why I have stayed away from iPhones or more expensive androids. They all stop working after a few years, when they stop supporting updates. I had read that the Pixel will update for at least the next two years, and the iPhone SE will update for 4-5 years. That's a huge selling point for me, because I don't like switching phones every other year.
Pixels get 3 years of android updates. You get 3 years of the newest version of Android on the day it's released (Samsung is terrible at updating and sometimes a new version of Android will be almost out before they update to the last one).....You also get a monthly update usually around the 5th that updates bugs/security and sometimes even adds new "googly" software features like call screening/transcriptions, car crash detection, etc.