One negative is that it likely leads to consolidation - Samsung/Apple are able to extract much higher payments than mid-tier companies. If you are small niche producer, Google is unlikely to even talk to you. Deals are secret and opaque.
If public corporations existed to benefit their customers yes, but they don't they exist to benefit their shareholders. This money will go towards stock buy backs and higher dividends.
Surely this will happen at any point in the next 50 years. Even more degenerate society will elect even better and more competent people into office and they will surely look out for the common people. The outlook makes me sad.
We've officially replaced trickle down economy with trickle up economy. Sustaining certain standard of living on private islands in Hawaii, Bahamas, and Fiji is expensive. The phones will be larger though, that's for certain.