Sometimes the data can be valuable as well (perhaps you can be blackmailed, or perhaps they can steal additional things from your bank accounts etc), but that is far from guaranteed. The hardware has a clear value though.
Also industrial espionage is a thing and but I agree with you that's probably a minority of thefts.
Full-disk encryption protects your data. Activation locking dissuades theft.
Personally, I want both.
The only time this is not true is when the previous owner has intentionally marked the device lost or stolen in the find-my App/Site.
I think a lot of this backlash is recyclers getting stolen goods.
(Also, iCloud lock is bypassed if there is an MDM, like in a corporate setting- then the icloud lock can be remotely enabled/disabled by the organisations IT department)
Exactly. I don't need Apple to protect me from thieves, I need the computer that I bought to protect my information.
You will likely get a little bit of Herd Immunity because Apple devices are known to be miserable to steal.
But otherwise it will work as you expect, just add some Filevault for FDE.
If you're advocating to remove these features for the rest of us, then as an Apple user: no thanks.
Not at all. They obviously need to be better documented or changed though since so many legitimate resales are being affected.
People don't always take the time to go through everything.
Traditional disk encryption serves your protection perfectly well.
As the saying goes, "Those who give up freedom for security..."