That doesn't make sense.
The PS5 is subsidized because the make money with the games.
Printers are subsidized because the make money with the ink.
The API use is subsidized because they make money with Claude Code? I would understand if Claude Code could only be used with Anthropics API but not the other way around. 1 million tokens is 1 million tokens unless Claude Code is burning tokens and others are more efficient in token use.
They want you to become dependent on Claude Code, so that later they can milk you.