Poll: Apple throttling older phones - your opinion?

Unless you have been living under a rock during the past few weeks, you probably know by now that Apple have admitted throttling overall performance for phones that have an "old" battery.
The Guardian said:After years of rumours, Apple has confirmed that it does indeed slow down older iPhones, a feature introduced last year to protect against problems caused by ageing batteries.
The feature was implemented on the iPhone 6, 6S and SE last year during a software update, and on the iPhone 7 as of December with the release of iOS 11.2. The feature is planned to be rolled out to newer devices in the future. [...]
The reason invoked by Apple is to prevent phones from shutting down completely when batteries don't have enough power.
Apple Inc. said:The company explained that when a battery is in a poor condition it may not be able to supply the required maximum current demanded by the phone’s processor at full speed. If that happens, the iPhone can shut down unexpectedly to protect the internal components.
Where do you stand on the matter? Do you believe this makes sense from a technical standpoint? Or do you think it is an elaborate scheme to get people to buy new phones every couple of years? Vote and tell us what you think.