I love Ikea stuff.
I bought an Ikea kitchen, nobody else will give you a 15 year warranty. I have read stories of kitchens being completely replaced because Ikea no longer made a certain design.
If the cheaper furniture lasts me 10 years, I will most likely be ready to replace it anyway, as my taste changes.
I guess if you are going for a certain historic style and plan on keeping it that way forever then obviously solid wood is a superior choice.
It is on point, in my experience. We've bought various pieces of IKEA furniture over the last 15 years, and the stuff they're building in the last couple years is atrocious. And it's not even that cheap. I'm done buying their furniture, I can get cheap crap from China with similar tolerances for less money.
However, I think that we as software developers are more like hand crafted furniture makers. And that there is WYSIWYG (like Squarespace) for the masses. And IMHO there is nothing wrong with that.
I can also vouch for the quality of their Sonos speaker and stainless steel bar cart: https://www.ikea.com/us/en/p/kungsfors-kitchen-cart-stainles...
I agree that if you are expecting top quality you will be disappointed. But for the price it is hard to find much of better quality. Especially not so consistently.
Which reminds me - and it's not IKEA-specific: I wonder how many people got severely injured or lost their lives due to a desk or wardrobe collapsing under them when they stood on it, unaware that these days, desks and other waist-level flat furniture often aren't designed to hold the weight of an adult human? When I grew up, standing on furniture was a normal thing - these days, I'm very careful about even leaning on it.
The furniture I climbed on in the 1980s, which was probably circa 1960-80, was stout and never budged when I and friends/cousins jumped on it.