Too true, but it was expensive because much more of it was discrete, much more was hand soldered (itself a recipe for reliability if the operator knew what they were at) and the passives were reliable as they hadn't the restrictions of enclosure size that today's factories (that'll be Vestel and LG then) have forced upon them by production engineers more concerned with volume and margins than actual build quality.
Hands up anyone who has a Vestel-assembled (Goodmans, Alba, Durabrand, Dual, Bush, Murphy, Grundig, etc.) PVR that didn't need at least a couple of caps replacing the day after its warranty ran out?

MY Wharfedale one has the dents in its top cover that describe perfectly where thae two failed electrolytics burst, I replaced the whole lot with reliable ones from Just Radios in Ontario but Wharfedale's founders would turn in their grave if they could see what came of a family name that used to belong to the world famous maker of good quality, budget speakers.

Unless they're not dead of course, in which case they probably gnashed their teeth away to nothing by now.