Depends how you look at it. If I consider the amount of cables/charges/earpods we have as family this is logical move. We don’t upgrade all the devices every year but it still adds up. Most of them are just throwaway.
Any charger outputting to a Lightning cable still works. It's just not the optimal/fastest experience.
> While people do have a million chargers lying around from over the years, almost none of them will work with the new iPhone