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In June 1977, the base Apple II model with 4 KB of RAM was $1,298 (equivalent to about $6,900 in 2025), and with the maximum 48 KB of RAM it was $2,638 (equivalent to about $14,000 in 2025).

(Source: Wikipedia via Claude Opus)

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Wow, 48k for $14000. Now you can get a MBP with a million times more memory for $3500 or so. Whereas that CPU was clocked at 1 MHz, so CPUs are only several thousand times faster, maybe something like 30,000 times faster if you can make use of multi-core.
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I'd argue that some of those are more consumption and activity than hobby depending on how they're engaged with, and that people use the word "hobby" too loosely, but would agree that Americans in-particular consume at obscene rates.

Golf equipment, mountaineering equipment, skiing and snowboarding lift tickets and gear, a single excessive graphics card that's only used for increasing frame rates marginally, or basically a single extra feature on a car, are all things that accumulate quite quickly. Some are clearly more superfluous than others and cater to whales, while some are just expensive by nature and aren't attempting to be anything else

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Those are the prices for just buying equipment, which at least retain some kind of value. 3 million+ American kids are enrolled in competitive soccer with annual clubs dues between $1K and $5K, and that money is just gone at the end of the year. Basically none of those kids are going to have a career in soccer, so it's clearly a hobby, and everyone knows it. And soccer isn't even the most popular sport!
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Ya, I guess that's another category entirely. The cost of enrolling a kid in anything, potential travel involved etc..
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I live in America, I am very well compensated. Have been for 15 years now. $3500 is a lot of money. A lot. There is a tiny bubble of us tech folks who think it is accessible to most people. It is not. It is also the same reason Macs are still a niche. Don't take your circles to be the standard, it is very very far from it, especially if you think $3500 is not a lot of money.

It is easy to confirm this, just look at the sales number of these $3500 devices. It is definitely not an enthusiast price point, even in the US.

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It's not nothing for most people... it's more than a month of rent/mortgage for a significant number of Americans even. But if it's your primary hobby, it's not completely out of reach, and it's not something you necessarily spend every year. A lot of people will upgrade to a new computer every 3-5 years and maybe upgrade something in between those complete system upgrades.

I know plenty of people who don't make a lot of money (say top 25% or so) that will have a Boat or RV that costs more than a $3500 computer, and balk at the thought of spending that much on a computer. It just depends on where your interests are.

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The first words I said: "$3.5k is a lot of money..."

There are tens of millions of top 10% income adults in America. So something can be both unaffordable to most people, and also easily accessible to very many people.

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It’s a midrange to upper expense in the US if it’s your hobby. Most people don’t have a serious computer hobby but they golf, trade ATVs, travel, drink, etc.
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There are something like 24 million millionaires in the United States... Estimates are that Americans spent $157 billion on pets in 2025.

There are a lot of people who could easily choose to spend $3,500 on a computer.

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$3500 would have been 3–4 months' discretionary spending as a PhD student in Finland 15 years ago. A sum you might choose to spend once a year on something you find genuinely interesting.

Some people succumb to lifestyle creep or choose it deliberately. Others choose to live below their means when their income grows. The latter have a lot more money to spend on extras, or to save if that's what they prefer.

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