[hans_castorp]

I guess(!), MS makes most of their profit from Windows licenses with enterprise licenses, where all users are managed through ActiveDirectory.

If that assumption is correct, then I guess the financial losses of private users not migrating to Windows 11 might be negligible.

[Ekaros]

How many actual retail licenses they sell? Either retail or individual OEM. As with pre-builds for consumer market license is already there. And lot of home builders just go for grey market which have fraction of retail price. Even Home is not exactly cheapest product if bought retail from regular reseller.