Moore’s Law, named after Intel cofounder Gordon Moore, reflects his 1965 observation that computer transistors, or processors, were shrinking so fast that every year twice as many could fit onto a chip.
These days, we’ve become accustomed to processors becoming smaller, faster and cheaper. The speed of innovation is illustrated by the accompanying page from the Christmas 2004 issue of Better Homes & Gardens. Advertised are Apple iPods with a ‘powerful 4GB package’ for $399, a $499 digital camera with 12 MB of memory, a ‘4th generation’ video camera for $1799 and ‘the world’s first commercially available mobile broadband access card’. You probably have all these things and more packaged up inside your smartphone.