iOS is too restrictive for me. Not being able to access the file system, no sideloading, no background apps, limited app access to the hardware, etc. Apple has the best mobile SoCs, but then you can’t even run an app like Syncthing to keep some folders in sync (it can’t even access those folders) or use some app to re-encode a video in the background.
I like the UI consistency between apps and OS (Android is a bit more “messy”) but overall it’s a bit like ChromeOS. Good for basic stuff and sometimes the best for specific tasks, but try to do anything more advanced and you’ll quickly find a wall.
On my phone I have apps like Syncthing running in the background. Sometimes I run an app that gives me detailed info about battery usage, track/map the signal of mobile networks, contribute to Mozilla Location Service, can see to which bands my phone is connected to (and if rooted, even control which are used). If an app needs to use bluetooth to send a file or NFC, it can. On the other hand, Android still struggles to do fast file transfer well (at least it never works as well as Airdrop for me)… there are trade-offs.
Again, it’s a bit like ChromeOS/Chromebook vs Linux/Windows/macOS. Perfect for my parents, but not enough for me.
The hardware is fine. Things like the display (Samsung), modem (Qualcomm), cameras (Sony) can be found on Android devices (or at least similar hardware). Their SoC is the best there is, but then is restricted by software… a bit like buying a Ferrari to drive it in a city. Imagine a “gaming phone” with the latest A16?
Regarding software updates, Google and Samsung (at least on the more expensive devices) now have 5 years of software updates. Not as good, but not a problem for those buying a new phone today. Some brands are still bad though.