Where's My AM Radio?

I recently purchased an MP3 player from Dick Smith. Being a cheapskate who is convinced that the Apple Corporation ranks at the very bottom of the bottom-feeders (despite its talent for making lovely shiny things), I purchased a series of inadequate MP3 players until I found this one. It's perfect and it only costs $40. Oh, it's not cool - Dick Smith is never cool - but it is sleek and compact and mine.

It has everything: except, I just found out, an AM Radio. Being at least 10 years' out of touch in terms of musical matters, the main radio station I listen to is Radio National. It rends my heart to write those words, but there you are. Becoming one's parents is never a pleasant process.

So, I am now wondering - why do MP3 players lack AM radios? Although a significant proportion of people who purchase these items are 'cool', an equally significant minority - namely, me - are not. And I bet Dick Smith, of all people, spends a large part of his radio-listening quota listening to Radio National.

As far as I can tell, it would not cost anything extra to include an AM receiver with all MP3 players, as AM radios are more low-tech than FM ones. (And they're both pretty darn low-tech these days). Is this a conspiracy to drive us all into the arms of FM, whose main benefits seem to be Hamish & Andy (admittedly divine) and RRR blues Marathons?