Yeah, that first ibook base model would have been around $3100 today ($1599 then): https://en.wikipedia.org/wiki/IBook#iBook_G3_(%22Clamshell%2...

Laptops used to be a premium product, even on the lower-ish end. I don't think that properly changed in the mass-market until the eee pc, but I might be misremembering.