Is Claude Code really what makes them money, or is it their models? Both? Neither?

Do they believe that owning the harness (Claude Code) itself will lead to significantly more money? I can sort of see that, but I wouldn't think they are necessarily betting on it?

I use Anthropic's models wherever, whenever I can, be it cursor, copilot, you name it. I can't stand Claude Code for some reason, but I'll kill for those models.

On the other hand, I've seen some non-tech people have their "Holy shit!" moment with Claude Co-work (which I personally haven't tried yet) — and that's a market I can see them want to hold on to to branch out of the dev niche. The same moment happened when they tried their excel integration — they were completely mindblown.