Historically, there have been numerous initiatives targeting the creation of "computers for the poor," but the quest for such devices has been an elusive one.

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Arguably, the original "low-cost PC" was IBM's PCjr, which was launched in 1983 with much fanfare, including a magazine devoted to coverage of it even before its actual release. The product led to a wave of clones, some fairly successful, including the Tandy 1000, though it did not itself succeed in the market due to design issues.
Low-cost innovation