I think water resistant is underselling what IP68 is a bit. The test to pass ip68 is to completely submerge the device in water up to 30 minutes. Sure that’s not water proof, but when people think water resistant they probably think “should survive water getting spilled nearby”, which is a level below “able to be completely submerged in water for up to a half hour”.
For most cases where it matters the device is waterproof for the average consumer
At the start of covid I broke my iPhone 11's faceid sensor washing it with soapy water. It turns out that the reduced surface tension of soapy water can allow it to get past some barriers.
I also wash my phone under the tap regularly (weekly or more) because I spend lots of time in a grimy workshop for hobbies.
Only one data point but the waterproof aspect of modern phones is one of my absolute favorite developments.