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That... is not a phone? It's a pocket computer, isn't it? I could absolutely see a value for such a device, although I don't see why "no WiFi".

Then -- back to my question -- would you agree to pay $600 for an iPad of the size of the iPhone, with no network capability?

> ... phone that is working but will never be able to connect to the network ...

If you're implying that devices without locked bootloaders can't connect to RF networks, that's just incorrect. There are lots of devices that aren't locked, and it wasn't a common practice a decade ago.

Why no WiFi? This makes absolutely no sense at all.

4G is also a pointless restriction. It is illegal to connect a device with the wrong specification to 4G networks already. This does not need to be enforced by DRM it is already enforced by law.