So everyone in the channel is happy!
Hooray!
... and the customers? What do they think?
$40 billion of end-of-life kit still in service seems to indicate that it isn't at the end of its life at all, its very much alive.
My recommendation to the IT industry in general: slash your sales and organisational costs because your turnover is plummeting. If you keep saying things are "end-of-life" when they are clearly not, your customers will start to get annoyed with you. That might speed their move to more whitebox suppliers.