You’re right. Both cloud services (like Microsoft 365 measured by licensing) and azure each individually are about double Windows. They together make over half of Microsoft’s earnings while Windows is like 16%. Then you’ve got games and linkedin and others filling up the smaller %.

Microsoft doesn’t need Windows, you can run your office 365 off Mac or Linux for all they care. Just host all your virtual workloads on azure regardless of OS if it’s not serverless, and they’re fine with taking that money.