For a while now to steal a phone you needed a fence. The fence will just give you a metallised bag and you'll put the phone in it. It's not really more complicated than turning off the phone as thieves already do.
As for the software features, they've always been and will always be bypassable. People figure out how to defeat iCloud Lock, how to change ESN/IMEI/IMSI already. It's easily a 30 million dollar market, people will continue to figure it out.
For a while now to steal a phone you needed a fence. The fence will just give you a metallised bag and you'll put the phone in it. It's not really more complicated than turning off the phone as thieves already do.
As for the software features, they've always been and will always be bypassable. People figure out how to defeat iCloud Lock, how to change ESN/IMEI/IMSI already. It's easily a 30 million dollar market, people will continue to figure it out.