I guess their biggest customers are Cursor and other coding agent vendors, because they have solid and cheaper competitors outside the coding.
No matter how many new models are released that look very good in synthetic tests, Claude generates the best coding output IRL. And so they can keep having the most expensive API prices.
No matter how many new models are released that look very good in synthetic tests, Claude generates the best coding output IRL. And so they can keep having the most expensive API prices.