Battery chemistry degrades more quickly the closer it is to 100% and 1%.
Sure, however batteries in phones and laptops nowadays don't actually reach 100% or 1%, there is already an "invisible" margin because manufacturers know that a laptop could be left discharged at 0% for days or that some phones might be left on a wireless charge pad at 100% for a while. If these were the true values the amount of batteries failing early would be considerably higher.
Simpler versions of these rechargeable batteries that don't have these extra margins are for example high-power flashlights and any sort of drones/quadcopter/RC car hobby where you need to set such limits yourself and store them correctly. If you actually discharge those to 1% they'll actually be at risk of never charging again and the same goes for fully charging them and then not using them immediately.
The batteries in our iPhones are only rated for 500 cycles. Apple says at 500 cycles they "retain 80%" but at that point the battery life is already significantly shortened. So really the iPhone batteries aren't made to last more than around 1.5-2 years before battery life starts to drop noticeably and limiting charge to 80% won't change anything about that.
Hence why I find the 80% limiter absolutely useless for most iPhone users. It would be better to tell users up front that their battery will last for roughly 2 years no matter what and they should use it as they see fit and just expect at least one battery replacement over the device's lifetime after the first 2-3 years.
With other smartphones it can be really challenging to get the battery replaced in the first place, I remember that even some older phones where you could switch the battery yourself didn't make it easy because the manufacturers usually didn't sell their original batteries in stores (LG did for a while with their high-end G4 which I appreciated but at that time their phones were already garbage).
Apple charges a lot for the replacements but no other smartphone manufacturer has a store to drop off a phone so easily for the replacement. I once tried that with an Android (I mainly use Pixels now so I really love Android) and the manufacturer received my phone for the battery replacement, prompty lost it and I never got device or money back and it wasn't worth the headache (wasn't Google!). So where I am coming from I'd rather just pay Apple for a new battery and not worry about 80% or whatever.