Planned obsolescence

[Lanell]

A process which involves a manufacture to [develope] a product (such as a car, [video game console], TV) with the intentions of making it obsolete and/or non-functional after a certain period of time in order to sales and profit. It has benefits for a producer (repeat purchases) but disadvantages for the consumer([waste of time] and money).

[Vania]

A business strategy where a company plans the obsolescence of a product to encourage the purchase of a newer version of a product. This can be done in several ways, ranging from bad engineering to breaking [updates]. Apple most famously uses this strategy to slow down iPhones and [iPads] of [1-2] generations back to encourage people to buy a new more expensive iPhone.

[Kit]

a situation in which goods are deliberately made or designed so that they do not last for a long period of time: