No, failing at 122F is not acceptable. If your hardware is exposed to outside conditions, it should operate easily below 32F, and well above 140F.
Considering that phones can operate below 0F and near 122F, that’s embarrassingly bad.
Same thing in vehicles. If you’re driving consistently at interstate speeds, you should be able to cool a cabin down below 72F while driving through 120F weather. Too many vehicles fail this, and frankly it’s repulsive for something you buy for 5-6 figures.