Cold storage on a newer hard drive has a much longer lifespan than a hardware wallet device, which has an 8-year or shorter lifespan. Like Ledger Nano. I heard that most users had power issues after three years of not using it.
My ledger is exactly 8 years old now. I didn't have power issues as of yet, but screen is dying for the last 6 months or so. Its a perfect excuse to finally move from ledger and finally got something decent but simply can't decide what to buy.I also have two (S&X) that are already very old, but both still function like the first day, even though they no longer serve their purpose. When I wanted to transfer some alts that I had stored on them (X) I couldn't do it until I upgraded the firmware to the latest version which took a little longer because I was 3 or 4 firmwares behind.
If you need something to store alts, I recommend the latest version of Trezor, and if you want something just for Bitcoin, you can't go wrong with Foundation Passport. You can order both devices at PO Box (tested personally) so you don't have to worry about your personal data being leaked.