| We understood Moore's Law, so it made sense in the early 70s to make a personal computer in 1973 that would have the power of much less expensive personal computers 10 or more years later. Why? Because the new SW and UI takes a lot of work to invent -- this allowed us to show Steve "the 80s" in 1979. (Worth pondering this way of going about things.) What was disappointing is that the market couldn't value personal computing, especially the general market. For example, the Lisa with its hard disk was really the better machine to be the flagship for Apple. In the early 80s it was priced at less than an average car -- ~$10K -- a mass market price if you could see that this would be your "information and speculation vehicle". Instead, PCs could only be sold at consumer price levels, more or less as novelties and in business as spreadsheet machines -- and this forced the Mac to be much smaller (both in RAM and disk) so that it was more like a toy than a vehicle. So, no, we (not I - I was part of a research community) did not underestimate the importance of economics. Note that my original Dynabook paper in 1972 said these would eventually be sold for the same price as color TV sets. But we did underestimate the ability of the early market to value computing. |
A car is a major purchase and people keep them for years or get significant resale value out of them. Moore's law would mean Lisa would be rapidly devalued. For businesses that could justify it generating $x amount of revenue in that time it could make sense. For individuals at the time I'm not sure.
That's not to say people don't spend extravagant amounts on cars beyond the base level of needed functionality. I just can't think of too many purchases at that level that get obsolete so quickly.