Wi-Fi 7 is not a speed number. It is extra radios talking at once.
Wi-Fi 7 (802.11be) is Multi-Link Operation across 2.4, 5, and 6 GHz, plus 320 MHz channels and 4K-QAM. The box’s gigabit claim only shows up if the phone, the AP, and the 6 GHz air all cooperate.