I received one of these from parents when I finished the 8th grade in 1980. I think they got the base model though with 4KB of ram, it was "only" $999. I recorded programs onto a cassette tape. Fun!
I think Photoshop still sets compression to something like 85 % (or even lower) as default when you export for web!
There are lots of new image formats these days that work better for web than JPEG, though.