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How much would an iPhone have cost in 1991?
Amazing! Today’s iPhones have the same capabilities (and more!)
than 13 distinct electronics gadgets, worth more than $3,000, found in
a 1991 Radio Shack ad. Buffalo writer Steve Cichon was the first to
dig up the
old ad and make the point about the seemingly miraculous pace of
digital advance, noting that an iPhone incorporates the features of the
computer, CD player, phone, “phone answerer,” and video camera, among
other items in the ad, all at a lower price. The
Washington Post‘s tech blog The Switch
picked up the
analysis, and lots of people then ran with it on Twitter. Yet the
comparison was, unintentionally, a huge dis to the digital economy. It
massively underestimates the true pace of innovation and, despite its
humor and good intentions, actually exposes a shortcoming that plagues
much economic and policy analysis.
Read more here :
http://www.techpolicydaily.com/communications/much-iphone-cost-1991/