A current high end smartphone has around 10 billion transistors.
From https://gunkies.org/wiki/IBM_System/360, IBM made 11-12 million SLT modules per year in the late 1960s, with less before that. Each individual SLT module contained a handful of transistors. Therefore, in transistor count alone, a single smartphone has more transistors than IBM produced through the 1960s. And this is before we consider the fact that clock speeds today are much higher than they were in the 1960s.
Your smartphone literally has enough hardware to outcompute the entire world circa 1970.
Isn't it amazing what over 50 years of Moore's Law can do?