I have so many electronics that have lasted much longer. I have >25 year old AVRs still working, for example. The things that tend to fail are those with mechanical parts. My SACD changers have all died for that reason. VCRs - yes I still have a nice converter one, actually got it repaired, it typically for $1000 on ebay despite its clock ending in 2015. 100% of all HDDs I had in the 1990s failed eventually after years of 24 hours use in BBS, also. My DDS-4 tape drive is still working, and tapes are fully readable. I have had multiple floppy drives fail. I still have a working USB FDD, or at least it was working the last time I used it. My 1990s eras LSI and Adaptec SCSI controllers still work - had to plug them in to restore the tapes. Even OS/2 still boots on my 2016 Z170-AR motherboard.
The power switch on one of my large HAF cases has failed, and I can't repair it. I switched the reset button to the power button as a result. Everything else mechanical works.
For more modern parts, I have a SATA-2 64GB Kingston SSD from 2010 I'm still using in production. None of the SSDs I own have ever failedI have a big stack of smaller SATA ones, Kingston, Crucial, Corsair, Patriot. No failures. For NVMe I also have a pair of Crucial NVMe 2 TB, another pair of Adata 1TB, a pair of Samsung 2TB, Five Teamgroup 4 TB. None has ever failed.
I have 8 x 14 TB HDDs on my NAS, bought in 2019. Still completely SMART healthy, no funky noise,
The only parts I have had fail recently are two Bequiet SFX-L 600W power supply that were bought the same month in 2022, running at 0rpm for 4.5 years, with a 3 year warranty. I replaced them with some 2008 era Raidmax I had in a drawer, that run at a few hundred RPM.
For strictly solid state electronics, I have had one GPU failure in 32 years of building PCs. I have had a few sticks of DDR4 RAM fail. Currently have about 400 GB of DDR4 sticks, all working, many from 2015.
My 20 year old Roland MIDI equipment still works, with the exception of a converted 25 year analog organ pedal. The contacts failed and result in repeated notes, making it unplayable.
I still have a perfectly working Note 20 Ultra. Only in a drawer because of lack of security updates.
So, I would say it's total BS about the short life span of most consumer electronics. I have so much evidence to the contrary. And I didn't mention any of the 700 smart devices. I expect most of the 230 LED smart Wifi bulbs will have about the same life span as the previous LED bulbs, most of which were put in service 10 years ago based on the date on the sharpie, and all still work - I just don't know who wants to buy 230 used LEDs.