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They are overpriced, but Apple cables have never failed me where others have, so for the peace of mind it is really worth it to me. A couple of anecdotes below.

A few months ago, I had a stock Lenovo laptop charger failing. I thought something was up with the physical port on the laptop, because the power button was blinking when I was plugging it in, but even after an hour of being plugged in, it still refused to turn on. As a last ditch attempt I tried my work-provided MBP cable, and it turned on after a minute. However, since it was a work laptop and not a personal one, it could've been that whoever used the laptop before abused the cable endlessly, so I attributed it to that.

Most recently, it happened with a personal device of mine, Oculus Quest. After a month of use, it refused to charge at all using the provided cable. I tried plugging it in a bajillion different ways, nothing worked. I thought it was a headset issue, because I used the cable very gently and only at home, and people reported that problem occurring and that resetting the headset might help. Obviously, it didn't resolve the issue in my scenario. Plugged it into my personal MBP cable, it started charging immediately.

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