Yes but that was like 40 years ago. I think by now the phraseology should reflect reality after about forty years.
How many horsepower does your car have?
We still talk about "bugs" (99+% of computer defects in the past 70+ years have not been caused by insects) and "AJAX" (long after most of these requests use JSON instead of XML).
“Phraseology” is subtly different.
You mean “vocabulary”, “terminology”, possibly “nomenclature”.
Ironically, I only started hearing the term being used in the past decade, as a colloquial alternative to solid-state storage.