It is frustrating when any company does it! Artificially software limiting features reduces the utility of devices across the board, which sees those devices going in to landfills sooner. All of the energy that goes in to mining, transportation, and manufacturing of the materials is less effectively utilized, so these practices lead to higher emissions, more waste, and more rapid environmental degradation. They also contribute to stratification of our economy, as users have to pay more money more often to get the features they need, raising shareholder profits off the backs of consumers.
This idea that we can manufacture something complex and then artificially limit its features to run profit seeking schemes is one that makes sense in a pure business sense, but in the end is often harmful to society. We don't have to do this. We could have a fully functioning free market economy even in a world where business norms involved open source software and open source hardware. Businesses would charge more for hardware but it would provide value to customers for so much longer, that down market customers could just buy used and get the same features they would have gotten if they bought a new, feature limited device from a closed source vendor.
"Then people would rip them off!"
No, then people would build off of their work and compete on other things like price or other features. We can see as a case study the world of open source 3D printers, where few vendors sell direct clones of other models, as they tend to use other manufacturing methods and change the design for their factory, adding differentiating features along the way.
"Then no one would invest!"
No, instead of less frequent large investments, you would see more frequent small investments - investors helping a factory buy one more machine to meet production goals for the next quarter with a new design no one has yet seen. First mover advantage is real.
Notably, even the libertarians at the Mises Institute oppose intellectual property restrictions, which are an artificial government monopoly on information, an extreme restriction on free markets!