I am currently typing this on a 4 years old shitty Xiaomi budget mobile phone. I don't recall if I've ever updated mobile software (or if there was an update available) but my phone is working as good as it should. So far I haven't seen any problem in installing any app. I don't see myself replacing this phone in next 6 month at least.
I guess tech people are way too much worried about security/software updates.
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