For decades there has been endless policy wrangling over whether “unlocking your phone” (removing restrictions allowing you to take the device with you to another carrier) should be allowed. Giant carriers have generally supported onerous phone locks because it hampers competition by making it harder to switch providers. Consumer rights groups and the public broadly support unlocked devices.
I imagine people will have to start purchasing their phones outright. This will probably affect the lower class’ purchasing power disproportionately, but personally, I don’t see a problem with saving to buy rather than purchasing “on credit” so to say.
I think that would also see an eventual reduction in device costs eventually as more people will be unable to pay the premium costs of a flagship device. Or the mid tier devices will start selling more, androids popularity will probably rise too, matching the rest of the world
Certainly corporations will have to find a way to provide more affordable options until they can figure out another way to assure investors of the “infinite” wealth growth plan.