You're talking about contracts of adhesion and they are overwhelmingly common for B2C agreements. Most red-lining of contracts only happens in high-value B2B transactions where the sums of money involved are enough that it makes sense to bring lawyers into the loop.

If the product has any serious audience / traction, it becomes profitable to scan its EULA for illegal clauses, and sue the company for damages (and maybe extra punishment for breaking the law).

The fact that 100% of its users, except the litigant, skimmed through the EULA and did not notice anything does not relieve the company from the responsibility.

when you already pay for the device and a contract, then surprise now that you have skin and flesh in the game, you HAVE TO agree to this EULA or your property is a brick and we keep your money.

that is defined as extortion, but labled as onboarding.