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My memory failed me, it was actually intentionally making your phone slower and less performant in phones of the previous generations: https://support.apple.com/en-us/101575

But the result is the same. Upgrade or we'll make your phone awful to use. In that statement, they are really trying to make it sound like it's a good thing for the user, but up until they started doing that, batteries not "supplying enough peak power" was never an issue, and isn't an issue on any android phone. I had friends with iPhones that were 5 years old that worked perfectly fine before the update, that basically became unusable after the software update.