Re: "smart home product manufacturing 101"
To be honest even manufacturers of old-fashioned mechanical locks can turn out some astonishingly crap devices. The American manufacturer Masterlock is the most famous of these; their padlocks are normally very robust against the standard "Ape with big hammer", but the moment said ape grows a brain and uses even a modicum of intelligence, their products often fail and fail badly. For instance, if one puts tension on some of their padlocks then taps gently and repeatedly with a hammer, the locking pawls creep open and the lock fails.
Masterlock locks are also noted for not using any of the many techniques available to frustrate bump key users and novice lock pickers. They have even included the classic "one key-like device opens everything" on some models, by leaving a bypass vulnerability open.
Like all the Internet of Things makers, they are relying on thieves being uncommon and generally spectacularly stupid, so even a little security will defeat them.