Computer History
Computer Buying

What was the cost differential in the first computers and modern day computers?

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Answer

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11/22/2017

The first mass produced business computer, the UNIVAC I cost up to $1.5 million (after Remington Rand was able to stabilize the price to provide reasonable profits, nearly $16 million in 2017 dollars), it had only 1000 twelve character words of memory (roughly 12kB) with an average access time of about 400 microseconds/word and a processing speed of less then 2KIPS.

Computers are available today (i.e. 2017) for as little as $200, with 4GB or more of memory with an equivalent access time of about 600 picoseconds/byte and a processing speed of 2.5GIPS or more.