Dan, thanks for your comment and good point.
It's tricky to value these things... For instance at those 1976 levels, the Apple 1 would cost more than $2,600 today and today's low-end iPad 2 would have cost about $100 in 1976. Clearly the functionality is orders of magnitude different.
An amazing achievement.
The Apple I cost $666. The current iPad is only slightly less, but with vastly greater functionality. If there is a race to the bottom, it has been moving at very low speed. Smart to draw a distinction between highly functional consumer electronics and low-cost, minimalist gadgetry. Also smart to be aware of pricing conditions in different markets.