If going public is what takes them to realize it, I'll cheer it on.
From my experience with PLCs, they are hardened and robust to the extreme degree required by the harsh environments in which they are used. Last time I looked, the R Pi was the complete opposite. It can be crashed by just a nearby camera flash, and then leave its SD card corrupt to boot. Fine for hobbyists (apparently). Not fine for industrial applications.
I built an RPi 4 based plasma cutter and I've never had a crash. You don't get more EM interference than that, short of putting it in a microwave.
Just for fun try to find a way to get a Pi mounted up to a DIN rail with an enclosure that can resist industrial vibration and has good particulate penetration/filtering and ruggedized connectors. Good luck finding accessories that aren't 3D printed with materials that will break down when coated in machine oil or in direct sunlight.
Now try to figure out how to get whatever monster you built installed in an ISO 9001 or AS 9100 shop.
"Here's our end of the production line fan that blows dust off of your product for $4k because we used a PLC." There is lots of stuff like that that just has no business using a PLC.
Trust me, I loathe PLCs, but Allen Bradley will still sell you a drop in replacement for something the now retired previous guy put in service 15 years ago.
Providing a return to shareholders does not require increasing profits. Investing constant or declining profits into acquisitions or share buybacks can provide the same returns to shareholders.
But as hobby computer, they are still a good value. There are faster boards and cheaper boards, but which ones are good? More importantly, which ones will be supported in five years? How easy it to install software? I read about distro that promises support, but then have to check the list of hardware it supports.
I have six year old Pi 3. I can install latest 64-bit OS on it. For my plans, something small and low power is an advantage.
I assume things have gotten better since then but they don't have 10+ years of good support.