I do not think situation is quite so simple. Apple has designed phones with insufficiently good battery to guarantee top speed operation as device ages. They have probably done it to make thinner handsets, but the end result is that an older device physically slows down. Moreover each new iOS release is slower and makes the older devices feel cruftish.
Where does that leave us? People that must have newest and fastest are encouraged to upgrade every year. Others accept slow downs due to old batteries and new iOS.
This is definitely not 'planned obsolescence' because your phone still works. Maybe 'encouraged obsolescence' is a better term.