To an extent they probably do; and may even be correct to do so; but what would concern me is the shift to hard technical enforcement when, in practice, Apple already does a fairly massive volume of contract-based leasing and other payment over time mechanisms. Fleet hardware sales, the financial structure of all the "free" with 2 year contract iphones that go out, etc.
If you are building all sorts of locks in, including ones for hassling the user rather than just keeping stuff from falling off a truck and getting parted out, there's a strong reason to suspect that you are looking to tap, um very subprime, credit risks who you'd never lease something with just a contract; or that (since the 'App managed features' seems to be aimed at 3rd party financiers/resellers) that you are dipping your toes into the really nasty, high-touch, "block tiktok until they scrape up a payment for a portion of a debt that would be hard to collect normally' end of the market. Same as the really really, unpleasant used car places that install remote immobilizers because they know that there are times when your need for your car will seem more urgent than your other bills.
It's absolutely not the the case that there's no money there; some outfits are quite successful at soaking the poor; but it's hard not to provoke questions about either what margins you are thinking about accepting in the future or how saturated the market is among the customers you'd really prefer by preparing to dive in to that end.