That's entirely possible. I haven't found a way to install new firmware on the RX yet. I hear there's a way to put it on the FC & upload it to the radio. I've yet to figure out how? Yes there could be a firmware update to the transmitter. But I've not seen anything from Jumper about that. They don't even have a real manual out yet.

There could also be a firmware update to my battery charger that I've yet to look for / download. There could also be a firmware update to my VTX that I've yet to pull down. Again these things aren't even documented as to what company makes them. Just now finding out that they're made under the name of Magnum & are all sold in stacks giving me the impression that these components are meant to work together.
While all this may be true & I'm able to concede that I've yet to track down every possible firmware update for this thing I'm pretty sure that a company wouldn't sell something as "RTF" if it couldn't. At the same time I doubt a firmware update would prevent something from working at all. Updates usually enhance the functionality of something. At this point the only thing that's 3rd party is the batteries & the transmitter. All this said FrSky says the radio is binding. I don't have the tools to pull the thing apart to look at the boards or the soldering jobs. Again, this being fresh out of a brand new box directly from the company I would agree the problem is more than likely to be something I've failed to do out of ignorance or a setting somewhere that I've yet to hit correctly. My hopes were to run across someone else who flies one to share their experiences in resolving these matters. I assume they may have experienced these issues as well? Then again maybe theirs worked perfectly & they're out flying?
All hope is not lost. I'm still reading the log file from the ESC updater app I got from BL Heli.