Consider yourself unlucky and never buy a lottery ticket.
Apple is well-known for making products that last longer than most others in the industry.
I have a launch day iPhone 5 that gets daily use and still works fine as of this morning. Launch day was in September of 2012.
I still have a working iPhone 5 (no S) with a home button that spins and a slightly broken screen bezel but no other issues.
At one point I thought it died permanently. But it turned out to only be the screen dimming to much. In bright light it auto adjusted enough to be visible, allowing me to rise the brightness.
IIRC there's 128M of ram on the fist iPad.
The only problem I’ve had was a 2011 MBP have a gpu issue.