Why does Apple keep making iPhones every year?

Capitalism

Quote from bethesda

Apple has too much money that it could start making iPhones less frequently, just look at PlayStation and Xbox.

New PlayStation and Xbox models are released years later from now instead of annually.

Because upgrading game consoles effects the game makers heavily and most arent going accept redeveloping and re-releasing the same game every year. And consumers who have to buy them outright won't accept $600+ a year on a new console with minimal upgrades.

Phone carriers break up the cost of a new phone into a monthly bill. And (because capitalism) getting the new iPhone is somewhat of a social event, despite the phones barely even changing.

In short: it's low work, people are willing to buy and money is money

Quote from bethesda

Upgrading gaming consoles take time just like phones. No one can make a gaming console or a phone in less than 24 hours.

I didn't say it didn't. In fact it takes more time for a console because they have to justify making consumers spend more money on their products by offering significant improvements between models.

Phone makers don't have that burden and can get away with selling virtually the same phone with minor upgrades every year. It does not take nearly as long to develop a new phone because they're barely making an changes between models