Yeah, everyone says stuff like this but nobody can actually produce any reliable sources to show how much profit it actually makes. So until you can, its all guess work.
The numbers are literally right there. Did you click the link? In the last quarter, they had $67B in hardware sales, with $45B as costs for that division. That’s a profit margin (hardware only) of about 33%. They are not losing money on hardware.
We should be comparing profit on those departments not revenue. Do you have those figures?
It is well known that companies often sell the physicval devices at a loss, in order to make the real money from the services on top.