That's the bed they made themselves and lay in it willingly.
No one is forcing them to do huge yearly releases. No one is forcing them to do yearly releases. No one is forcing them to tie new features which are all software anyway to yearly releases (and in recent years actual features are shipping later and later after the announcement, so they are not really tied to releases either anymore).
The stock market can easily be taught anything. And Jobs didn't even care about stock market, or stock holders (Apple famously didn't even pay dividends for a very long time), or investors (regularly ignoring any and all calls and advice from the largest investors).
You need political will and taste to say a thousand nos to every yes. None of the senior citizens in charge of Apple have that.
Their software side however is riddled with issues, delayed or cancelled projects, meandering focus, unclear priorities. They are increasingly overpromising and underdelivering.
Their product side is neither here nor there. Vision Pro is a technically marvelous bust. iPhones rely on gimmicks because there's really nothing to differentiate them anymore. Peripherals (Homepod, AppleTV) are stagnant. iPad suddenly saw signs of life this year with good functionality updates after a decade of "we have no idea what to do with it, here are meaningless and confusing hardware updates". Macbooks have been completed as a product years ago (not that it's a bad thing), so, again, they are just randomly slapping non-sensical names on upgrades and chase thinness.
Oh. Thinness. That is literally the only feature that Apple is obsessed with. You can't build a product strategy on thinness alone.
And then what? Mac users would buy some janky Acer with Windows 11 and bunch of preinstalled malware instead?
They could easily wait longer between releasing devices. An M1 Macbook is still in 2025 a massive upgrade for anybody switching from PC - five years after release.
If Apple included fully fledged apps for photo editing and video editing, and maybe small business tools like invoicing, there would be no reason for any consumer in any segment to purchase anything other than a Mac.
They could, but then they wouldn't be a trillion dollar company. They'd be a mere $800bn company, at best. ;)
Not many consumers go out to buy an Apple device because the new one has been released. They go out to buy a new phone or new computer because their old one gave out and will just take the Apple device that is for sale.
That's also why Apple bothers to do the silent little spec-bump releases: it gives Business Leasing corporate buyers a new SKU to use to justify staying on the upgrade treadmill for their 10k devices for another cycle (rather than holding off for even a single cycle because "it's the same SKU.")
I generally see complaints about advancement aimed at the hardware. Some are unreasonable standards, some are backlash to the idea of continuing to buy a new iphone every year or two as the differences shrink, but either way software feature spam is a bad response.