You can have a swappable battery and water resistance. Samsung galaxy s5 had a removable plastic cover and IP67 water resistance, so if the manufacturers tried they could easily have them both.
Also, if you do any repairs on a new phone you lose water resistance (unless you replace the silicone), while on the s5 you could just replace the battery and would just need to press the cover back on. After the repair the phone would still be water resistant, unlike the new phones with glass backs.
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