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Personally, I think both reasons are likely.
Apple products are generally very well made and many may see little value in upgrading whilst there is life in the old product.
However, although I am a Macbook Pro and Mac Mini user for my home computing, my mobile devices (phone and tablet) are android. 2 reasons for that:
1) they are both significantly cheaper than the Apple equivalent product, yet give me everything I need. I would have been perfectly happy to buy an Apple if I had seen any good reason.
2) I actually prefer android to IOS.
My subjective two pennies worth.
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