The iPhone 5S is a cool piece of tech. Just a few years ago, it was hard to believe that such a thing could ever exist. How about 22 years ago? Probably the kind of thing you’d hear about in a science fiction movie.
Bret Swanson at Tech Policy Daily (via MacLife) estimated that such a device would have set you back over $3 million back in 1991. This is because the A7 (or something with that sort of power) would have run over half a million dollars. Much of the cost would have also gone into the tech that would be equivalent to the LTE connection the iPhone 5S has.
According to MacLife, it also talks about the cost of the flash memory. However, it doesn’t mention a camera, Touch ID or OS. In other words, it’s beyond what most of us could have ever imagined back then.