Definitely, the issue now is that things now are often made to last "long enough".I have a Panasonic stereo, SA-PM27 I bought when I was 17.
I'm 41 now.
Still sounds great as well actually.
I'm not disagreeing with your post as such, but stuff can last.
The old "don't make them like they used to".
If stuff is over engineered, over provisioned, it will last because it has headroom to degrade and still perform as intended.