After an old Radio Shack sales flier was found listing a page worth of electronics that just so happen to offer many of the same functions as an iPhone, the idea that an iPhone would cost US$3,000 in 1991 sounded pretty amazing. That figure was based on the price of each item in the ad. The problem was it only took into account how much each device providing a specific function cost, and not the price of base components like RAM. Bret Swanson at TechPolicyDaily took on the task of running the numbers and it turns out an iPhone in 1991 would cost you a lot more than $3,000. 32GB of RAM would set you back $1.44 million, data bandwidth would cost a cool $1.5 million, and the iPhone's processor comes in at a paltry $620,000. Total cost: $3.56 million, and that doesn't even include the price of a car big enough to carry all of the 1991-era components.
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