Yes, teh failure of units is initially high, due to incorrect manufacturing: post that the failure modes are ageing, with mechanicals being the first to go, then usually electrolytics drying out as a second, and finally heats stress on circuitry that eventually breaks seals, or allows doping levels to migrate in over stressed semiconductors, and Phut.
BUT if well designed, 30-50 years is very achievable once production errors are accounted for.
mechanical issues like corrosion are far more likely to take stuff down than actual component failure.