Dan Thomas
Touchdown! Greaser!
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Dan Thomas
Exactly. I was once in the consumer electronics business. When VCR's first came out we sold them for $1600, but not very many. I remember when they dropped to about 1/2 that and we couldn't keep them in stock. We unloaded trucks every single day, restocking. When I got out of the business Walmart was selling VCR's for $39.95
Paid $700 for our first microwave oven in 1979. Now they're under $100. Adjusted for inflation, that would be about $30 in 1979 bucks, right? Lots of profit in the early days of a gimmick, I think.
I remember a friend, the owner of a small sawmill, buying an electronic calculator from Radio Shack in about 1974. Paid $99.95. It could add, subtract, multiply and divide. That was its total capability. It ate four AA batteries in about two hours. Had tiny red numbers. Now you can buy a scientific calculator that has 200 functions or whatever for seven or eight bucks. That might be $3 in 1975 dollars.