Calculator calculator marketed to the Real Estate industry with preprogrammed functions to simplify the process of calculating payments and future values. In 1985, CI launched a calculator for the construction industry called the Construction Master which came preprogrammed with common construction calculations (such as angles, stairs, roofing math, pitch, rise, run, and feet-inch fraction conversions). This would be the first in a line of construction related calculators. The first desktop "programmable calculators" were produced in the mid-1960s by Mathatronics and Casio (AL-1000). These machines were very heavy and costly. The first programmable pocket calculator was the HP-65, in 1974; it had
Calculator At the start of the 1970s, hand-held electronic calculators were very costly, at two or three weeks' wages, and so were a luxury item. The high price was due to their construction requiring many mechanical and electronic components which were costly to produce, and production runs that were too small to exploit economies of scale. Many firms saw that there were good profits to be made in the calculator business with the margin on such high prices. However, the cost of calculators fell as components and their production methods improved, and the effect of economies of scale was felt. By