Transistor Radio Turns 50
theodp writes "Before the iPod, there was the Regency TR-1. Fifty years ago Monday, tiny Indianapolis-based I.D.E.A. partnered with TI and shook the world with the first pocket-sized AM radio, so impressing IBM chief Tom Watson that he provided a $49.95 (roughly $345 in current dollars!), four transistor TR-1 to each of his senior managers to kick-start the company's transition from valves."
Wow. What struck me most about that article is how much inflation there's been in 50 years. Thats 700%! I don't know about you, but to me that's just insane.
Victory or awesome!
You say $345 with an exclamation mark as if that's a lot of money for a portable entertainment device. How much do you think an iPod costs? Or a Rio?
-russ
Don't piss off The Angry Economist
[musing mode on]
Well, it would probably be similar to taking an original Han Solo action figure and modding it into a new, modern Jar Jar toy. An exercise in bad judgement.
You'd be better off to sell it on ebay for $1000, and invest that money in finding either a similar but empty case to fill, or just paint a new iPod silver and do some calligraphy on it. Then pocket the change.
Repetition does not transform a lie into the truth. - FDR