The shiny new APIs are rarely required for most apps tbh. Hence Revolut having a fully functional neobank app with minimum iOS version of 13 (meaning you could run it on a 10 year old device right now). Wise actually has less functionality theoretically, but it requires iOS 16. Neither one of them does anything special in the client anyway, probably could make the same apps on iOS 10 APIs and not notice a difference, but nobody uses that anymore anyway.
I understand games, VR apps (lol vision pro) and such requiring the shiniest new APIs… Hell, even things like video players, etc - maybe Apple added some fancy new video codecs, etc. But basic business apps have no real reason to switch to the newest target version every year or 2.
The shiny new APIs are rarely required for most apps tbh. Hence Revolut having a fully functional neobank app with minimum iOS version of 13 (meaning you could run it on a 10 year old device right now). Wise actually has less functionality theoretically, but it requires iOS 16. Neither one of them does anything special in the client anyway, probably could make the same apps on iOS 10 APIs and not notice a difference, but nobody uses that anymore anyway.
I understand games, VR apps (lol vision pro) and such requiring the shiniest new APIs… Hell, even things like video players, etc - maybe Apple added some fancy new video codecs, etc. But basic business apps have no real reason to switch to the newest target version every year or 2.