Revenue and profit has gone absolutely nuts since subscriptions started and is clearly the way forward for them.
This model makes a lot of sense for software but none for hardware.
Adobe customers are indeed pissed off but they should fix that with lower prices and better terms, not going back to the old model that had them losing money.
Kind of remarkable how low the price earnings ratio is compared to magnificent seven stocks. Only Google gets stuck with a similarly pedestrian price earnings ratio.
Banks, mines, energy, rail, telecoms - companies that are making big profits right now and will be with us for decades to come, all priced like they're going to evaporate in a matter of years.