IPhone14 Would Have Cost $100M to Build in 1991: AEI Expert

The new iPhone 14 includes technology that would have cost more than $100 million to offer in 1991, American Enterprise Institute fellow Bret Swanson blogged Wednesday, noting the rate of technological advance. “The highest-end model includes one terabyte of digital storage, which is 63 times more than the original iPhone, launched in 2007, and which alone would have cost around $45 million in 1991,” the economist said: “Add in the A16 processor, the 5G modem, including new millimeter wave capabilities of up to 500 megabits per second, an amazing graphics processor, and four cameras totaling 84 megapixels, and you’ve got a device that would have cost at least $101 million to build in 1991.”