The Wikipedia page is talking about OLED diplays. AMOLEDs are more refined. I'll try and find some wear and tear stats, but I wouldn't be surprised if they last longer.
Plus 5 years for a phone is quite a lot. (do you use your phone with the screen on 8 hours a day?). At a max I would guess four hours, but that's still a lot, so really the expected life is closer to 10 years, which is more than enough in my opinion.
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