Great... Except you won't be able to buy one soon... And there won't be any updates.
If they are clever they make a version of the required services hosted in Europe and under European law. Many many people would buy that.
Having a smartphone (access internet, email etc) with camera is appealing, contributing to large surveillance corporations like Google, Facebook etc is not.
This will be a tiny minority of potential users.
To clarify I'm not in favour of one type or another, but it's unlikely China can have any influence over my life.