Future Processing on hardware prices throughout the years

How did the technology and its costs change over the years?

date: 23 August 2016
reading time: 2 min

Do you ever go back to the times when your TV set and radio were the only doors to the outside world? The times when a computer owner was considered a big fish? Let us take you on a trip down the memory lane.

Compared with nowadays technology, back in the 70’s and 80’sit technology was quite basic and hardware was a real luxury.

Then, getting a gaming set as a birthday present was reserved for the lucky few.

Did you know that in 1983 a cellular phone cost $4000? Whereas now, you can get an iPhone for around $500. The price of Apple computer was also rather steep. Back then an Apple II would set you back around $2,600 and today you can buy the entire iMac set for $1,700.

This is not all though, due to inflation the price of the same cellular phone and Apple II would now be much higher – around $8,500 and $7,700, respectively!

Thanks to innovations of the past, the technology took a huge leap forward. All due to cheaper research, easier access to information, commercialisation and scale effect.

Right now, 4 billion people have Internet access on various devices, which clearly shows that technology became more common and isn’t reserved only for the chosen few.

We perfected the manufacturing process of electronics, making devices not only better, but also smaller and more affordable.

The software market also flourished and its products can now be suited to your needs and their price range differs. Thanks to this development, we are able to come up with smart solutions that enhance our surroundings and facilitate our lives.

We still get little jitters while seeing the price tags of certain devices, however, as you can see, past is the best indicator that, luckily, we live in times when devices are not only more advanced, but also affordable.

Source: http://www.dailyinfographic.com/the-cost-of-technology-over-the-decades-infographic



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