True, but you probably will get
more before the battery becomes unusable in total.
It would be very nice if batteries were super predictable as in 'perfect until the 6 thousandth cycle and then dead', instead you get this gradual drop-off to the point where a battery is no longer usable for its intended purpose. Whether or not that is at 60% of the original capacity or not is moot if it doesn't make it to the 60% in the first place (lots of batteries get murdered well before the end of their design life), on the other hand if that means that the drop-off itself slows down then you might be able to get much more life out of them when treated carefully.
The big ones - in my experience, which is obviously not the final word on this - is to ensure that you don't charge batteries when they're very cold, that you don't use currents in excess of what they're made for (and preferably a bit below that) and that you don't subject them to mechanical stress. If you live by those rules you can make them stretch for a very long time, enough for technology itself, rather than that battery, to make your battery obsolete.
Witness the old lead-acid batteries used in cars, telephone switch boards and submarines. In cars they would last a couple of years at best, in telephone switch boards and submarines they would routinely outlast the rest of the installation.