Yes, but I also get into a rage about manufacturers being dicks about it. People by and large don't seem to understand the IP rating scale is in fact two largely-unrelated scales, and companies slapping IP ratings on their products use that in what I feel are underhanded ways.
The values IPx1-IPx6 correspond to varying levels of resistance against directed streams of water. IPx7-IPx9 are degrees of resistance to submersion. The latter does not imply the former, not even a little bit.
It is in theory entirely possible to build a device that could withstanding being put in the bottom of a swimming pool that's being slowly filled with water, but failed from the higher pressure of a small amount of water falling on it from a certain direction.
But you still see phones listed just as "IP68", which tells you nothing. The better manufacturers will explicitly write the likes of "IP65/IP68"; showing that it reaches the 5 rating of "water jets 12.5litre/minute" but not the 6 rating of "powerful water jets 100litre/minute", but also IP67 "immersion <1 metre / <30 minutes" and IP68 "immersion >1 metre / >30 minutes".
(https://en.wikipedia.org/wiki/IP_code#Second_digit:_Liquid_ingress_protection)