It depends. I generally don't care about obsolescence through new formats or improved models of existing products/formats (things like SD to HD video, VHS to DVD, PS3 to PS4, etc.); however, I definitely disagree with the concept of companies building their products to purposefully fail after a set amount of time (if that actually happens).
I'm not someone that needs or desires the newest technology though. I'm still using a smartphone from 2011, a laptop from 2011, a 1080p LCD from 2013, a 720p LCD from 2009, a desktop from 2007 and two old CRTs from the mid-to-late 90s. I have no plans to upgrade to a new smartphone, laptop or desktop any time soon and I'm content with all four of the TVs I currently own too. It's also why I largely don't care about the New 3DS, Xbox One S, Scorpio or PS4 Pro as I already have launch models of all three platforms and don't currently see any reason to upgrade (that may change if software starts suffering even more on the older hardware, as has been the case with some 3DS titles).
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