[merelydev]

> It's funny how everyone (especially here on HN) accepted (and expected) extremely high profit margins from software businesses

Because software you build it once and can resell it as much as you want, a stick of RAM is only sold once.

> The same was reflected in engineering salaries, with software engineering salaries being often a multiple of hardware engineering ones.

Arguably software is much more difficult to build because it is never complete.