@ajroach42 in a world without perpetually powerful hardware, the software will have to be slimmed down. As such, your 2012 android 4.4 smartphone will be more valuable (not as an antique) than it is today.
Every past piece of tech that gathered a critical mass of nerd owners has seen improvements and life way longer than the intention of its manufacturer. In a world where hardware is no longer cheap, old, still working devices might reach that critical mass.
Software distribution will have to value broad compatibility more than anything as it will not be able to reach people if confined to specific devices.
Old things also have unpatched vulnerabilities so liberating them will be made automated.
I'd love to do software for that world.