That might be harsh, since each new release does contain improvements of some kind, but they feel incremental, and not at a pace where Delphi would ever catch up with other modern systems. It also stems from change in focus over the last ten years over making Delphi relevant again.
They wasted several years in the early 2010s by making Delphi a platform for mobile app development. The selling argument being that you could use Pascal to develop both for iOS and Android. Unfortunately, it never really matured enough to be useable. And so after several years of that misadventure, they finally went back to improving the core product.
Frankly, the only reason people still use Delphi today is if they have a large legacy codebase written in Object Pascal. Embarcadero took too long to realise this. They can charge a huge licence fee for the product, because their customers are basically stuck with it.
There are many things I like about Delphi and Object Pascal, mind you, but there are also many things I find too frustrating about it. Particularly because I know other IDEs and languages have already solved those problems. That, and the small community means its ecosystem is tiny and not frequently updated.