The hardware is ancient. It's really overpriced. https://xkcd.com/768/
But they're still selling lots! Why? They're approved by the examination boards, and have an effective monopoly. (oligopoly if you include HP and Casio, but most schools choose one brand and require all students to fall in line).
The academic market is not remotely capitalist, so even though there are cheaper & better options available that people will use in everyday life, the "official" results will still use the officially-sanctioned products.
Right now, publishers offer take it or leave it bundles of hundreds of journals at prices the publisher set. If a library doesn't want to pay, the library/university system loses access to everything. And many people at the university can't do their work without such access.
SciHub existing allows negotiators for the universities and libraries to shrug and say whatever when Elsevier threatens to cut access to every Elsevier journal.
Not to mention Elsevier, till exempel, WILL be cracking down on piracy especially after their grant from the US courts regarding Sci-Hub. Sci-hub hasn't doomed anything and the publishers still control academia. You should be mad about this, and you should blame academia itself. Push for open journals like PLoS One when possible and try to convince people to move off that god-awful Impact Factor metric and you might inflict damage on the big publishers.
This is sad to say, but in reality I think this isn't going to massively impact things for the publishers. Academia at its core is where the problem lies. Sure paid subscriptions are a big part of things, but it's the stuff most don't realize (the authorship fees and institution sub fees) that give the publishers power.