Yes. Because it’s a giant pita to drop your phone off and be without it for an indefinite period of time (if something goes wrong). For a device worth a couple hundred dollars it typically makes more sense to trade it in and simply upgrade.

Especially if you are paranoid and refuse to hand a third party your phone full of private data. If I need to wipe and restore that is a huge time sink I’d rather future proof against.

It’s the pain and uncertainty factor.