Nice to see a fellow neighbor
And considering that beside Apple, Google, Facebook/Meta and few others, those are the companies most of us work in, we have probably worked in the same places too. Small world in the end
My point was not in counter what you said, just in pointing at one specific section of your reply:
“open source development easily needs more time and resources for the maintainers of the code. Especially true when you need to publish an SDK, there is hardware integration, there are different hardware products to test against for every patch, there are hardware products in the pipeline that haven’t been announced but already define the company roadmap…”
Specifically to your point, hardware compatibility and evaluation of patches was what my reply is related to.
A company may invest in open source and still keep projects as closed source and secret. That makes sense as you have IP to protect. You can do both of course, but if you sell a product/service and use open source products, it is nice if you eventually port back your work to the original repo, so others can benefit from it too as you (corp or individual), got a benefit from it.
Will we see schematics for the Pixel or for the Meta Quest 3? Of course not, those are products that fill the bank account reservoir, and did cost a ton in R&D and engineering/design time… But are we getting benefits from what is released as open source, once parts of these projects are considered to be low in terms of revenues? Totally.
I may remind you that most open source projects are made by small teams in niche environment, not only by large corporation. Niche or not, that is tangential to the open source line. Historically when you need more workforce and you don’t want to pay or maintain something, you make it open source. It is a small “price” to pay, in exchange for a large benefit on many aspects.
Just look at the M8 device: it is a Teensy with some extra hardware on it, and a fork of LSDJ with upgrades… You can find those pieces on multiple repositories, but the author made the work to patch everything together and give it a “shape” and sell it as product. That is a niche product too and yet it was made thanks to even smaller and more niche projects that were open source in the end. And there are plenty of other projects (especially related to FPGA), that ended up being born as mix of other open source projects at their core, with a variable amount of efforts to create the final product.
So in my opinion the statement
That’s not the situation Polyend would be in if they decide to opensource their software. Not even remotely.
Is that I don’t believe that it is the case; on the contrary, open source would give Polyend the chance to offload most of the extra work for free, while they focus on new products and innovation. As you know, it is not the initial 80% of the work that takes time, money and efforts, but the remaining 20% 
Polyend releasing a 1.0 products involve a lot of efforts, but that 20% left to make a device a great device with updates and optimizations is where you get lower ROI, as you already sold your devices, and can’t sell updates as DLC, like you do for games for example. So you can offload this work to others for free, making the product or part of it as open source; and in return you get more sales, as people want to buy your product as it is updated often, improved often and not perceived as abandoned.
Then of course if Polyend goes for the route of making a device every few years and abandon it, the whole setup I described goes in the drain, as their income is based on the 80% of the efforts, so they trash the remaining 20% and wait for other customers to buy the newer device.