This isn't true. I don't think you or me would want a car/TV/smartphone that's cheap and flashy but breaks every two weeks. Sometimes people are strapped for cash that's why they cheap out on stuff, or really are enthusiastic about it, so they tolerate it breaking all the time, but for everything else, reliability is king.

Nobody _wants_ it, but in practice if all cars/TVs/smartphones break every two weeks, what choice do people have?

In tech, the era of competing based on quality is long gone. The winning strategy is to get a monopoly/oligopoly and then you can let the quality decay to zero and people will have no choice but to keep paying you money (or to your handful of equally-mediocre competitors).