This radio cost a little under $9 at a shop in the Mall del Sol in Guayaquil. It has a small LCD display (four-digit seven-segment with a decimal point, a colon, and three or four other indicators) with an optional backlight (two orange LEDs), six buttons, and a volume potentiometer with thumbwheel that doubles as a power switch. It uses the cable on the earphones (included in the price) as its antenna. It runs off two AAA batteries, and I didn't notice any trouble running it for three hours continuously on the bus ride from Guayaquil to Cuenca.
The whole thing is about three inches long and an inch in diameter. It normally hangs from the earphones, which fit around your neck like a necklace; the case is smoothly shaped and bright white, with a transparent yellow window (smoothly continuing the curve) protecting the LCD.
When I open it up, I see three electrolytic capacitors (220uF, 100uF, 100uF), two 1/8W resistors, the potentiometer thumbwheel, and the headphone jack, along with a little more detail on the buttons.
I got a big surprise when I looked at the other side of the board. I figured that, given the price and the PLL design, the whole thing would be contained inside a single chip, except maybe for a couple of capacitors and stuff. But there are a large number of components, nearly all surface-mount, except for two RF inductors. There are also three discrete transistors (Q2, Q3, Q4, but Q1 is on the other circuit board described later), surface-mount capacitors C6 through C25, surface-mount resistors R5 through R17, a big sort of gull-wing diode, and a 16-pin gull-wing IC, marked CD9088CB FA61GL024J. There's apparently supposed to be a third inductor, but it's been replaced with a resistor on the other side of the board. Plus the potentiometer/switch and the six buttons, and 9 wires running to the display.
But there's more. On the back of the screen, under a piece of black tape, are more surface-mount components (including Q1, R2-4, C1-5, and C26) and a telltale blob of black epoxy, presumably concealing a chip designed specifically for this radio.
Total component count is about 63. For under $9!
It's worth listing the surprising things it can't do:
These suggest that its control circuits are extremely simple. The shiny white and gold case, the metal fitting it hangs from, and the headphones presumably cost far more than Coby were willing to spend on "intelligence" in the device itself; I think I've seen FM radios with two buttons for sale for $3.25 here.
This is interesting because it demonstrates that it's possible to build and sell an RF communication device for under US$10 at retail, and it has a couple of interesting attributes not found in the other devices I dissected during this project:
I speculate that it's possible to go a lot cheaper on the components if you only want digital communication, not analog, you get to pick your frequency band (e.g. 2.4GHz instead of 100MHz), and you can live with low bit rates; people can type about 110 bps at most, and talk or read at a little under 300 bps (in ASCII), so 5 or 10 kbps (and thus an effective bandwidth of 5 or 10 kHz) should be sufficient for many human-communication purposes.