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That sounds like a legitimate reason - they advertise water-resitance and waterproofing for the models lacking a headphone jack.

But.. can't they just make a waterproof headphone jack??

Samsung does water resistant phone with their flagship S9. And they still have the 3.5.

And the Samsung S5 has a headphone jack and even an easily-swappable battery, and still has waterproofing.

Yes.