"The whole history of Microsoft from its origin is about the primacy of software over hardware. Hardware is a commodity — software is where the value lies."
This ... explains so much.
It's also an interesting example of how framing blinds one to further understanding: do we argue the merits of HW vs. SW in this dichotomy, or look for value elsewhere?
What of computers as nodes on a network: traffic, search, attention, users (you remember users, right?), ads, etc.