Re: Square is considering making a hardware wallet for Bitcoin
You're right, but it doesn't seem that they even tried to mitigate that problem by choosing alternative suppliers, and by continuing on that route, $300 hardware wallets would become the norm in a year or two.
I wouldn't be surprised if that happens in few years, and not just for hardware wallets but for many other things, but looking in Sats price could actually go down 
That doesn't mean that I am endorsing Bitkey device in any way, this is just another way for Jack Dorsey to earn more money.