Reminder that I don’t like the company’s stance on the matter.
What you have posted is your interpretation of the definition, which has little legal or practical value. A product does not need a successor, superior or otherwise, to become obsolete. Nothing you have posted has any relation to the definition of obsolete, and are mostly word play.
That being said, right to repair needs to become a real thing and companies should be supplying repair manuals for items they consider obsolete.
What you experienced is a verification service provided by credit reporting agencies and has nothing to do with PayPal. I wouldn’t be concerned that PayPal has this information, because they don’t. There are probably better reasons to be concerned and to not use PayPal.