Genuine question and some random thoughts please downvote if you think I am ranting too much: one argument played by Google on this is that they want to protect users from malware, specially for banking apps, etc. However my queations/two cents regarding this:
Banks offer web frontends and many make you use 2FA and even hardware keys, which work on phones. We have been doing e-banking even before smartphone phones existed. We still do. On our full of malware and virus windows desktops.
These mobile apps are in reality web frontends disguised as mobile apps with biometrics on top of it. Nothing else really. I develop an iOS app for a bank. It’s really like that.
Despite that I have to obfuscate the binaries, check for cydia, make sure I am not jaibtoken and all kinds of useless stuff.
When you buy a PlayStation you are buying a piece of hardware that Sony sells you at a break even or a loss so that you can buy their games. You are not buying your hardware. You are buying means to run video games on a piece of hardware Sony is selling to you.
When I buy an iPhone I am paying a lot of money for my pocket computer, my internet communicator. The margins are so big, it doesn’t even make sense to squeeze more out of them.
When I buy an Android phone I fail to see the end game except that Google wants to have absolute control over everything I do in my life.
I cannot really deny them their right to do whatever they want.
Still I can’t see really how they want to protect users by having full control. That’s a big lie.