If you search the forum you will see a steady stream of posts about perceived battery drain issues, not just for the latest iPhone, but for EVERY iPhone model ever sold, and after EVERY iOS update ever released. So clearly all iPhones have battery drain problems all the time. I’ve listed a few of them below.
Specifically, if your previous phone did not have 5G network capability then an iPhone with 5G will use more energy than an iPhone with LTE, 4G, 3G or older technologies, both because 5G inherently uses more energy than 4G for the same connection, and also because 5G network deployment is still being built out, so towers that support 5G may be further apart in your area, and thus phones need to post power to remain connection.
I started by saying that battery issues occur to a few phones with all versions after an iOS update, and the responses implied somehow that iOS 17.0.3 was “different” and was an issue that hadn’t happened before. So to back up my statement here are some threads on battery issues with previous versions (far from all of the relevant threads, but a reasonable sampling):
Battery drain (13.2.3)
ios 13.2.3 and ios 13.3 battery issue
Re: iPhone 7 Plus with iOS 13.4 battery drain problem
Serious battery drain (14.4.2)
iPhone XR is draining battery unnecessarily after iOS 14.4.2
Re: iOS 14.3 BATTERY DRAIN
Battery drain (14.5.1)
Battery drain (14.6)
Battery drain (14.7)
battery (iOS 15)
Does iOS 15 drain battery?
iOS 15 and Battery
since installing iOS 15, my battery needs to be constantly recharged. How can i improve the battery drain
iOS 15 and Battery
Re: Ios 15.1 battery drain
Ios 15.1 battery drain and heating issue iPhone se 2020
ios 15.1.1
iOS 15.2.1 battery drains
battery drain (15.3)
iOS 15.3 battery drain
Ios 15.3 battery draining issue
The bottom line is that it isn’t a problem with the specific version, and, if you want it resolved, you need to troubleshoot why your phone has this problem when 99+% of over 1 billion iPhones do not.