There is no negative effect for Trezor or any other open source hardware wallet projects.
It would be the same as saying that it is negative that Bitcoin is open source because we have so many forked coins, but nothing was lost for Bitcoin.
In fact hardware wallets forking code can only contribute improving it and finding more hidden bugs in code.
Talking about open source coins are totally different things. Trezor is on another level on HW products, aside from that its the very first HW wallet, the support from the community towards the company is overflowing. Trezor being as an open source project has nothing to lose, compared to new ones.
I thought PX-Z is a good poster but this post made me think otherwise. Or should I say that this is how some developers think? But as they think like this, are there still no competition? Coinomi which was a very good open source wallet before changed to close source and the wallet went bad. Trustwallet which is close source, is it the best wallet or the only wallet people are using? That is not possible. Trezor, passport and other hardware wallets that are open source are still making money. Even if all wallets are close source, there will still be competition.
Its more like in business side perspective, developers just do what their bosses wants. Closed source wallets are usually owned by a business while open source wallets are community driven and community-supported projects so they have nothing to lose. Regardless of the competition, business have so many things to protect and reconsider (codes being fork, intellectual property, app security related, etc.), weighing the potential risks and benefits that's why they remain closed sources.
The fear of being copied and losing control over their product often makes business hesitant to make their software/products open source.
Well, there are some who risks, exceptionally fund their marketing strategy and get extraordinary results.