[SchemaLoad]

>don't really have the same degree of profitability as a SaaS

They have a fair bit. Local models lets companies sell you a much more expensive bit of hardware. Once Apple gets their stuff together it could end up being a genius move to go all in on local after the others have repeated scandals of leaking user data.

[johnQdeveloper]

Yes but it shifts all the value onto companies producing hardware and selling enterprise software to people who get locked into contracts. The market is significantly smaller # of companies and margins if they have to build value adds they won't charge for to move hardware.