This is not true any more! See https://www.drupal.org/node/2554097.
Drupal 8 has the capability for the entity storage to automatically generate the SQL schema for any entity type. We can handle the addition/removal/update of field storage definitions automatically without hook_update_N() implementations. The automatic updates are run by update.php after all of the outstanding hook_update_N() implementations.
Sometimes it is necessary to ensure that a specific entity or field update has occurred during a hook_update_N() implementation. To do this the implementation can call \Drupal::service('entity.definition_update_manager')->applyFieldUpdate() or \Drupal::service('entity.definition_update_manager')->applyEntityUpdate().
For example
function mymodule_update_8002() {
// Create the new mymodule_field.
if (\Drupal::service('entity.definition_update_manager')->applyFieldUpdate(EntityDefinitionUpdateManagerInterface::DEFINITION_CREATED, 'node', 'mymodule_field')) {
// Do relevant updates.
}
// Apply all node entity type updates.
if (\Drupal::service('entity.definition_update_manager')->applyEntityUpdate(EntityDefinitionUpdateManagerInterface::DEFINITION_UPDATED, 'node')) {
// Do relevant updates.
}
}