Sure, but instead of creating the Model T Apple created an ambling burro. Some people like it for some use cases, but a lot of those who just wanted a faster horse are understandably a bit miffed.
This is exactly it. I need a horse, it can be slightly faster, not required though. There is no horse vs car improvement between iPhone 6s vs iPhone 11, but they removed jack and increased price for no good reason. Btw. I do not think that there can be a horse vs car bump in UX for phones. Maybe I am my imagination is limited. :)