There were times when possessing even a megabyte of memory was a status symimagebol, and memory used to be the game of millionaires! Yes, millionaires! But it has been an exponential descent in prices since then and within half a century the price was come down to a magnitude of 10,00,000 times! Amazing how market dynamics operate in our industry!

 

These news clippings are epic:

Prediction: The cost for 128 kilobytes of memory will fall below U$100 in the near future.
Creative Computing magazine
December 1981, page 6

Twenty years later…

RAM (random-access memory) is now at record low prices, with many vendors offering 256-megabyte modules for U$50 or less.
San Francisco Chronicle, 27 September 2001

Here is a walk through history. From the days of $10,000/MB to 2004 (from 2004 to 2009 the cost/GB has literally gone down to negligable levels), take a look:

YEAR

MANUFACTURER

COST/GB

1956

IBM

$10,00,000

1980

North Star

$193,000

1981

Morrow Designs

$138,000

1982

Xebec

$260,000

1983

Davong

$119,000

1984

Pegasus (Great Lakes)

$80,000

1985

First Class Peripherals

$71,000

1987

Iomega

$45,000

1988

IBM

$16,000

1989

Western Digital

$36,000

1990

First Class Peripherals

$12,000

1991

WD

$9,000

1992

Iomega

$7,000

1993

Unknown

$4,000

1994

Iomega

$2000

1995

Seagate

$850

1996

Maxtor

$259

1997

Maxtor

$93

1998

Quantum

$43

1999

Fujitsu IDE

$16

2000

Maxtor 7200rpm UDMA/66

$9.58

2001

Maxtor 5400 rpm IDE

$4.57

2002 >

Western Digital

7200 rpm

Ultra ATA-100

$2.68

2003

Maxtor 7200 rpm IDE

$1.39

2004

Western Digital Caviar SE

7200rpm

$1.15

 

And this might be termed as the starting point of modern memory:

IBM RAM in 1956
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