People forget that before about 2000 or so, Microsoft was bigger than the next 10 or so software companies, <<combined>>. And had much higher profit margins that the other tech companies.
IBM created the playbook, Microsoft perfected it, FAANG copied it.
One distinction between Microsoft and early FAANG (except for Apple): FAANG cut out the distributor and kept those profits themselves. Microsoft always had distributors as a key component of their platform sales.
IBM created the playbook, Microsoft perfected it, FAANG copied it.