Technology companies need to keep updating their products so they can stay competitive. If they don't, other companies might take their customers by offering better features.

Companies upgrade their products because customers always want the latest technology. New versions usually work better and have new things that people like, which makes customers want to buy them.

Companies come out with new products to make more money. They sell new versions at high prices, and people buy them even if their old ones are still okay. This way, companies keep making sales.

Tech companies need to add new technologies into their products to keep up with changes. Things like AI or better batteries are important, and new products need to have these to work well.