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I was always told the inrush currents of power up can shorten the life span in power circuits. Of course a well designed unit would have soft start.
The cooling fans on the cheap ones are usually the first thing to fail.
That's probably quite true
Same on PC's really, fans start to get noisy relatively soon.
I always turn electronic devices off when they are not being used, including my computers, and their reliability has always been good.
I even put a plug-in power timer on my two Satellite receivers so they are completely off late night and during the daytime hours when I never watch TV, since they consume near 30W apiece, even if you use the remote to turn then "Off" (which apparently just turns off the video output).
I have a 7-day timer so, for football season, they are naturally turned on earlier on the weekends.