I've got a set of billy bookcases, a metal-framed desk from their 'desks for office' range, two double beds with mattresses, and a 5-seater sofa. It's all lasted fine.
Of course, as a veteran DIYer and woodworker, my furniture has the benefit of being assembled right and treated with respect. And nobody in my household weighs over 150 lbs, which probably helps this stuff last longer.
Even the IKEA swivel chair on which I sit all day in front of a computer is about ten years old and it is still good enough. It was however one of their more expensive models.
When my mother was alive, she has also used an IKEA armchair for about a decade and she was very satisfied with it.
Everything that has metal connectors with fasteners on both sides still works well on 2nd or 3rd assembly in my experience.
I was looking for a new work desk, planning to spend no more than 500 PLN - because IKEA is cheap... All desks within that price were wobbly pieces of glue and wood dust; then I found one for I believe 1500 PLN, 3x my intended budget, but imagine that: actual full metal frame! I could sit on it and it didn't even squeak, much less wobble. So I got it...Really love that desk, no problems with it over the years.
So yeah, they have cheap temporary stuff, but usually also have at least a couple of higher-end pieces per category... with accordingly higher prices.
Of course, the downside being that it does look like utility office furniture and is not exactly stylish.