Here’s how the site reached that astronomical sum:
- GB flash memory: $45,000 in 1991 vs. $0.55 today.
- Thus, 32GB flash memory = $1.44 million.
- Apple’s processor, which produces about 20,500 millions of instructions per second: $620,000 in 1991.
- The cost of mobile communication in 1991: $100 per kilobit per second.
- The iPhone delivers speeds in the 15Mbps range today: 15,000Kbps (15Mbps) x $100 = $1.5 million.