Antiquate (verb)

To make something old-fashioned or out of date.

Origin:

From latin antiquus, meaning "ancient".

Examples:

1. The new technology antiquated the old machinery.
2. The company's business model antiquated as the market changed.
3. The laws needed to be updated as they antiquated.
4. The introduction of smartphones quickly antiquated the use of flip phones.
5. The company's products were antiquated, and they struggled to compete in the market.