They vary, I have one at one house that is at least 50 years old, lost the lid magnet by not paying attention, attached with a metal clip, but I really do not need one.
Up where I am now have gone through four of the new improved ones in thirty some years; I have a manual one that cut on the outside but rarely use it.
The newest, was made using the lid magnet is attached with plastic broke of within a months of use.
Some cans though it seems , usually from rough handling by stockers, cut poorly.
I used to be able to cut it till it just poke up a littl still attached but lost patience to do that.
The small manual, often with advertising, ones that have can piercer and bottle opener are the best but wear out after forty years or so and the new ones are crap.