AFAIK the vast bulk of Microsoft's revenue continues to come from software: OS, Office, and Server products. I've not seen a breakdown for some time.

Microsoft have been trying to get out of this for quite some time. Back when I worked for a very large revolving credit transactions processor, the stated goal was to get into the online payments game (this nearly 20 years ago now). Microsoft Passport was among the products aimed at this effort, which ultimately failed, attributed by many at the time with the lack of trust any other business had at getting in bed with Microsoft standing on their revenue stream.

This list of billion dollar lines of business at Microsoft was generated in 2013 but let's go with the safe assumption that from 2013 they doubled down on the software components (which they did) and kind of lukewarm accepted the other parts of the business:

Windows (which also, up until now, included Surface, which contributed $853 million to the total in fiscal 2013)

Windows Server

Windows Azure

Office (client)

Xbox

SQL Server

System Center (client and server both, so includes Windows Intune)

SharePoint

Visual Studio

Dynamics (CRM and ERP)

Online Advertising (search and display both) Office 365

Client-access license (CAL) suites (formerly known as desktop access)

Enterprise Services (including consulting)

Enterprise communication business (Exchange plus Lync)

[http://www.zdnet.com/article/microsofts-16-billion-dollar-bu...]

Not too bad, eh?

Azure and Office 365 have to be an even bigger portion of this now than then. The number of companies moving to Office 365 for their Exchange and Office usage is enormous. Millions and millions of seats, at $5-10 per month per seat (or more), adds up quickly.

Aren't those products loss leaders for the purpose of eventually making money off of software (games fall in this category)/consulting services?