The iPhone in Your Pocket Is Worth Millions

My iPhone 7 has 128 gigabytes of flash memory, which would have cost around $5.76 million back in 1991. Its A10 processor has 3.3 billion transistors, running at 2.34 gigahertz and delivering roughly 120,000 million instructions per second. This amount of computing power would have cost something like $3.6 million back in 1991.