At first, Sony had little understanding of how they were about to change the world with the first personal listening device. Consumers were paying almost $600 (in 2009 dollars) for the Walkman in the beginning. The amazing thing is that you can still buy them.
As a side note, the Philips Company of the Netherlands invented and released the first compact audio-cassette tape in 1962. The actual tape was made by BASF. Norelco Carry-Corder dictation machines were the first devices to use the new cassette tapes in the USA. Philips had no idea of what was about to happen to their new invention.
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