You do own the physical device and you can do whatever you want with it. You can take it apart and tinker with it however you please.
If you don't like the software that they do or don't deliver to you over the internet, that is something entirely different.
They didn’t deliver software. A 3rd party did. Stop making straw-man arguments to defend their actions. If the app was pulled from the normal App Store, fine, that’s Apple’s prerogative. But a 3rd party store? The app signing shouldn’t be used a weapon against software “you don’t like”.