How far we've come. Our definition of "portable" has been refined considerably. And size aside, note also that an iPhonograph would not be "handsome"...it would be iPretty. (Not sure I consider this an advancement).By the way, if you're wondering how much $30 was in 1950, take a clue from the fact that the buyer could opt to pay in less burdensome installments of $5/month.
According to an inflation calculator I found online, this "iPhonograph" cost more in 1950 than the iPhone would in 2010 dollars (iPhone 4 16GB is $199)