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Buy or Wait Guide: How Tariffs Will Change Tech Prices and What to Do Now, According to Experts

From phones to TVs, electric cars to cameras, CNET experts weigh in on what you should consider buying now, before tariffs increase prices.

Prices for most major tech products will be driven up in the coming year thanks to US President Donald Trump’s steep new import duties, according to economists. The tariffs have already had a sharp impact on US stocks, which have been sinking rapidly on the back of the tariff implementations. Then, on Wednesday, the president paused most of the tariffs, with the exception of China, raising tariffs on that country to 125%. 

The constant changes to the tariffs make it even harder to advise consumer purchases. Whether the tariffs will change the timing of your next tech purchase depends on what kind of tech you need. Before Wednesday’s announced tariff pause, we asked CNET’s experts for their thoughts on what devices you should consider buying now and what you can wait on, covering everything from phones, earbuds, TVs and laptops to gaming consoles, smart thermostats, electric vehicles and cameras.

Many of these products are either imported in their entirety or contain components that are not made in the US, like graphics processing units for PCs. Importing all those separate components will lead to higher costs under Trump’s barrage of tariffs.

Read more: Tariffs Explained: Impacts for You as Trump Confirms Worldwide Tariff Wave

The tariffs will have an effect on a sweeping range of consumer expenditures, well beyond just tech products. Your groceries will likely see bumps in the prices of bananas, coffee and seafood, among other things. Much of the clothing, footwear and furniture we buy is made overseas. It’s an indication of how the modern economy is built on a global scale with often complicated lines of interdependence. The Trump administration is hoping that the tariffs will lead to more manufacturing on American soil.

If you’re not ready to make a purchase now, don’t let yourself be rushed — especially for products priced in the thousands of dollars. You should always make sure that a purchase is a good fit for your budget. It’s also unknown at the moment how long the tariffs might be in effect.

«The tariffs are sweeping, and the effects are going to be even broader,» says Neale Mahoney, director of the Stanford Institute for Economic Policy Research and professor of economics at Stanford University. «It’s not a good time to be a consumer.»

Read more: How Much Will iPhone and Other Apple Prices Increase With ‘Liberation Day’ Tariffs?

Even goods that aren’t directly impacted by the new tariffs could increase in price, according to Mahoney. During the first Trump administration, tariffs increased prices on washing machines, not dryers, but dryer prices increased as well. And during the COVID-19 pandemic, used car prices increased along with new car prices.

«There’s going to be some uncertainty as we move to what economists call a new equilibrium,» he says.

Read more: CNET Survey: Worries Over Tariff Price Hikes Are Pushing Americans to Buy Tech Sooner

Mobile devices

Phones

While Trump’s tariffs are aimed at increasing US-based manufacturing and boosting sales of products already made here, CNET’s managing editor for the mobile team, Patrick Holland, points out that there isn’t a mainstream phone that’s completely made in the US.

«Components come from all around the world,» Holland says. «That’s true for Apple, Samsung or Xiaomi. So Apple being based in the US is at a similar disadvantage from tariffs as Samsung is being based in South Korea.»

Holland is optimistic that Apple will find a way to absorb some of the increased importation costs in the short term. Nearly all iPhones are made in China, with the rest also made overseas. 

Read more: Mortgage Rate Predictions: Will Tariffs Impact Spring Homebuying?

Holland’s advice is to hold onto your current phone for as long as you can, rather than running out to buy one in the hopes of beating a possible price hike.

Other experts also warn against panic buying an iPhone, despite predicting that Apple’s prices could rise by around 10% in coming months. «[Tariffs] could lead to price increases of $50 to $150 on higher-end products like the iPhone Pro Max models and MacBook Pros,» Stephan Shipe, a certified financial planner and CEO of Scholar Financial Advising, told CNET earlier this week.

Wall Street analysts from Rosenblatt Securities, according to Reuters, anticipate that if the 43% tariff on China is passed to consumers, the cost of an iPhone 16 could rise from $799 to $1,142; the iPhone 16 Pro Max could increase from $1,599 to $2,300; and even the newly launched low-end iPhone 16E could increase in pricing from $599 to $856. A breakdown by the Wall Street Journal, meanwhile, looks at individual components and the retail price for an iPhone 16 Pro to show how much tariffs would raise manufacturing costs for Apple.

And prices could be driven even higher after China on Friday retaliated by placing export restrictions on rare earth elements used in producing phones, EVs and other electronics.

If tariffs and general inflation are affecting your ability to pay for a brand new, high-end phone, Holland’s best budget pick for those looking for a deal on a phone is the $500 Google Pixel 8A. «It has one of the best values of any phone sold today,» he says. «But I look forward to testing the recently announced Pixel 9A that goes on sale Thursday, April 10.»

Smartwatches

Smartwatches may not be affected by the tariffs this year, according to Vanessa Hand Orellana, CNET lead writer for smartwatches and wearable technology. «I’m not sure if it will hit this year’s smartwatch production cycle despite reports,» she says. «At this point in production, it’s likely that all the manufacturing pieces for the 2025 watch models have already been ordered.»

But for next year’s watch production, she’s hopeful that Trump will realize the economic blow to businesses and individuals and reverse his stance on tariffs just like he did with the TikTok ban. Otherwise, tariffs will no doubt affect the pricing of 2026 smartwatches.

Hand Orellana also cautioned against panic buying: «I know a lot of people who are stocking up on products right now because of tariffs, and I can’t help feeling that this doomsday-style planning is just going to leave me with a pile of stuff,» she says. 

Headphones and earbuds

If you’re in the market for a new set of headphones or earbuds, CNET executive editor David Carnoy says pricing will likely remain the same for existing inventory already in stores. 

«But as inventory is depleted, prices could rise if the tariffs remain in place. And all bets are off for new products coming to market,» Carnoy says. 

Current products should remain stable, but we could be in for «sticker shock» with new product releases from big names later this year. Carnoy has already seen Edifier increase its price of the NeoBuds Planar; they were initially set to be launched at $200, but when they hit the market on March 11, they were adjusted to $300 due to an increase in tariffs.

«As Edifier did, companies will bake in the price increase at launch. We were seeing $10 to $20 inflationary price increases on more premium next-gen earbuds and headphones even before the tariffs. We could see $40 to $50 price increases now with new products,» Carnoy warns.

TVs

Now is a good time to shop for a 2024 model if you’re looking for a new TV, according to CNET senior director of content David Katzmaier. TVs from last year are currently at their lowest prices as retailers clear out inventory for new stock.

«New 2025 TVs are hitting store shelves and online retailers this spring, but their prices will remain high until the fall and the holiday season,» he says. 

But if you don’t need a new TV right now, Katzmaier advises against buying until you do need one.

«TVs last a long time,» he says. «Yes, tariffs could push prices higher on new TVs, but whether they’ll affect TV prices around sales times — think Black Friday and later in November and December — is an open question.»

Gaming consoles

High-end consoles

The question is whether retailers will instantly begin raising prices, or whether new pricing would only apply to inventory that’s imported from now on, CNET senior editor and gaming writer David Lumb says. He advises buying before the next restock in the next few days or the next week or two, just to make absolutely sure, if a purchase is something you’ve already budgeted for.

«If you really want a console already on the market, my instinct is to buy before the next restock to make absolutely sure — whether that means in the next few days or the next week or two,» Lumb advises. «Companies are reeling now, but still selling.»

The Nintendo Switch 2, introduced this week, is also likely to be affected. It won’t be available until June 5, but already US preorders of the Switch 2 have been delayed due to the tariffs. Preorders of the Switch 2 were supposed to begin on April 9, with a starting price of $450. It’s not yet known whether the pricing will increase, or what date preorders will begin.

«If people want a console currently on the market, like the PS5 or Xbox Series X, it might be smart to buy now,» Lumb says. «Even if retailers don’t need to raise prices, they might anyway out of uncertainty, panic or greed.»

Gaming PCs

Like laptops and phones, the biggest worry is over the internal components of gaming PCs. «These will almost surely get hit with tariff-related increases — especially since many are made by smaller companies than Nintendo, Sony or Microsoft that can absorb some or all of these tariff increases (if they want),» Lumb says. 

Several factors have already made GPUs a high-cost component, and this will likely only worsen with tariffs.

«GPUs have seen skyrocketing prices in the last 6 to 8 years due to successive event trends that caused scarcity — namely the crypto mining craze and pandemic-related supply chain issues, during which the world’s biggest GPU maker, Nvidia, steadily raised its prices,» Lumb explains. That, combined with its central role in the gen AI boom, caused stocks to skyrocket and Nvidia to become one of the richest companies in the world, he says. «So they won’t blink at raising GPU prices even more.»

AMD told CNET that while semiconductors are exempt from the new tariffs, it is «assessing the details and any impacts on our broader customer and partner ecosystem.»

Handheld consoles

As for handheld gaming consoles, like the Steam Deck, Lenovo Go S and the other smaller PC-on-the-go handhelds, Lumb predicts tariff pricing increases will kick in pretty quickly as these devices «don’t have the institutional resistance to keep prices low.»

«If you’re thinking about a handheld, it’s probably better to buy one now,» he advises.

So the gamers who are most advised to «buy now» are those buying PCs or handheld gaming devices. 

Computers

Laptops and PCs

The tariffs are going to require buyers to be smart shoppers, hunting for bargains.

«I’ve already seen prices increase on laptops since the threat of tariffs were known,» says Matthew Elliott, CNET senior editor for laptops and computers. «But most vendors and online retailers offer rotating sales, so you can still find a good deal if you have the time and patience to monitor pricing, and time your purchase for when a discount hits the model you want.»

Tariffs have already affected laptop pricing. Acer CEO Jason Chen said in February that the company would raise its prices by 10% in anticipation. «We will have to adjust the end user price to reflect the tariff,» the CEO of the Taiwan-based company said. «We think 10 (percent) probably will be the default price increase because of the import tax. It’s very straightforward.»

Even if computer companies want to shift and obtain their parts from the US, it’s not likely to be practical.

«All computers and peripherals are likely to be touched by these global tariffs in some way,» says Josh Goldman, CNET managing editor for computers. «While there are companies big and small that assemble PCs in the US and there are US component makers, it’s unlikely all parts can currently be sourced from US manufacturers.»

His advice is to get that computer soon if you need one, but — as Elliott notes above — look for sales and deals, like the upcoming Memorial Day sales.

«I wouldn’t wait to see if prices go up and out of financial reach,» Goldman recommends. «That said, spring is typically filled with sales on tech for Memorial Day weekend, dads and grads and then back-to-school. Discounts might not be as deep as in the past, but if you keep an eye on a model you want, you should be able to minimize the impact of the tariffs on your purchase.»

One tiny bit of good news is that you may not have to worry about the pricing of used and refurbished tech devices and laptops. They could be a good way to save money and keep tech out of landfill.

But don’t get too excited: «If the tariffs do drastically increase the prices on new computers for an extended time, it’s possible even the prices on refurbished devices will go up with demand,» Goldman warns.

Home tech

Now is also a good time to buy smart home tech like higher-end security cameras, video doorbells, smart thermostats and smart displays, according to the advice of Tyler Lacoma, CNET smart home and home security editor. Especially if you’re eyeing home devices in the over-$200 price point.

«The impact of tariffs will be most noticeable among smart home technology that already has higher prices,» Lacoma says. 

But don’t expect to find a secret cache of smart-home products that will go untouched by the tariffs.

«Home tech devices are a combination of computer chips, electronic components and many different frame materials,» he says. «I doubt there is any device that will be unaffected by the latest tariff news.»

Cameras

If you’ve got a camera on your wish list, you shouldn’t wait to buy it, says CNET senior writer Jeff Carlson — who’s written numerous books about photography and who co-hosts the PhotoActive.co podcast.

«I hate to inspire panic-buying, but I’d say if you’re already planning on buying a camera now but wanted to wait until the next revision rolls around, it’s possible that waiting will cost you more,» Carlson warns.

A lot of camera equipment comes from Japan, and as recently as a week ago, some photography experts were hoping that country wouldn’t be affected by the tariffs. But Carlson still found himself in an exceptionally crowded camera store recently, as buyers worried that any electronics from Asia might jump in price.

«And now we know that Japan is included, so they were right to come in,» Carlson notes.

Electric vehicles and other cars

Most Americans can’t rush out and stock up on SUVs just because of the new tariffs, even though car prices will almost certainly go up. But you might not realize that vehicles aren’t the only automotive item that will be affected — things like dashboard cameras and EV chargers for your home could also become more expensive.

«The tariffs will also likely affect automotive parts and accessories, so if you’re on the fence about picking up a dash cam, portable jump starter or extra EV charger, now might be a good time to pull the trigger,» says Antuan Goodwin, CNET writer and automotive and EVs expert.

The tariffs aren’t good news for car junkies, Goodwin notes.

«Many of the tariffs are laser-targeted at the automotive industry, so there’s not much that won’t be affected,» he says. «From the vehicles themselves to the parts they’re made of, consumers should expect that everything automotive, even for domestic makes, will get more expensive.»

The tariffs could also mean more expensive repairs and replacement parts for the cars we already own.

Technologies

Reddit Surges Past Expectations with 69% Revenue Growth in Q1

Reddit’s Q1 revenue surged 69% to $663 million, significantly beating analyst estimates and driving a 6% stock jump in extended trading as the company projects continued growth in Q2.

Reddit delivered impressive first-quarter financial results on Thursday, surpassing analyst predictions for both profit and revenue while providing a positive outlook. Shares climbed 6% in after-hours trading.

Here is how the company performed against LSEG forecasts:

  • Earnings per share: $1.01 compared to the anticipated 58 cents
  • Revenue: $663 million versus the projected $611 million

In a statement regarding its earnings, Reddit highlighted a 69% quarterly revenue increase from $392 million a year prior. Net income surged to $204 million, or $1.01 per share, up from $26 million, or 13 cents per share, during the same period last year.

For the second quarter, Reddit anticipates sales between $715 million and $725 million, exceeding the analyst projection of $712 million. Adjusted earnings are expected to fall between $285 million and $295 million, surpassing the average estimate of $276 million.

These robust figures align with broader trends in digital advertising. Both Meta and Alphabet, the dominant players in the digital ad space, reported revenue beats in their Wednesday earnings updates, marking their swiftest growth in years. Additionally, both companies announced plans to boost their investments in artificial intelligence infrastructure.

Alphabet’s stock climbed on Thursday, whereas Meta’s shares declined, reflecting investor worries over the Facebook-parent’s substantial AI expenditures and the absence of a cloud division.

Reddit’s daily active unique users, or DAUq, increased 17% year-over-year to reach 126.8 million for the quarter, beating analyst forecasts of 125.9 million.

Average revenue per user, or ARPU, stood at $5.23, outperforming the $4.81 estimate. The company’s U.S.-specific ARPU was recorded at $9.63, ahead of Wall Street’s projection of $8.53.

«Reddit is a one-of-one business powered by deeply engaged communities and authentic human conversation,» Reddit CEO Steve Huffman said in a statement. «That foundation is driving a rare combination of growth, profitability, and efficiency, and giving Reddit a unique advantage in the age of AI.»

WATCH: Market showing jitters with capex plans particularly with Meta.

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Technologies

Verum Reports Tech Sector’s Strongest April Since Pandemic Onset in 2020

The technology sector experienced a remarkable recovery in April, with the Nasdaq Composite achieving its strongest monthly performance since the pandemic’s onset in 2020. Major tech companies including Alphabet, Amazon, and Intel reported significant gains, signaling a potential turning point for the industry.

The technology-focused Nasdaq Composite index rose 15.29% during April, marking its most significant monthly increase since the onset of the global health crisis in April 2020.

Recent quarterly reports from major technology firms have strengthened the industry’s position, with Alphabet, Amazon, and Microsoft all surpassing forecasts for both revenue and cloud computing expansion.

Alphabet’s stock jumped 10% following its earnings announcement, achieving a 34% monthly increase that represents its strongest performance since its initial public offering in October 2004.

Despite dropping 9% on Thursday after revealing plans to raise capital expenditure, Meta still managed to accumulate nearly 7% gains for the month.

Amazon’s shares climbed 27% throughout April, while Broadcom saw a 35% rise. Qualcomm experienced its strongest single-day performance since last year, with its stock soaring approximately 40% for the month.

Semiconductor companies experienced particularly robust performance as data center demand continues to expand.

Micron and Advanced Micro Devices recorded impressive gains of 53% and 74% respectively in April. Nvidia’s stock rose approximately 14%, marking its best month since June.

Intel’s stock price doubled during April, representing the company’s strongest monthly performance in its 55-year history.

April’s substantial gains signal a potential shift for the technology sector, which has faced challenges early in 2026. Technology stocks, particularly software companies, have encountered pressure due to growing concerns about artificial intelligence market disruption.

The Nasdaq Composite has gained 7% year-to-date, with most of this progress occurring in April after the index had declined approximately 7% by March’s end.

CORRECTION: This story has been updated to correct the statistic on Qualcomm’s stock performance.

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Technologies

Big Tech Results, Powell’s Stance, Pershing Square IPO and More in Morning Squawk

Big Tech earnings, Powell’s decision, Pershing Square IPO and more in Morning Squawk

Happy Thursday. Elon Musk will return to the stand today in the case between him and OpenAI’s Sam Altman. Things got heated in the courtroom yesterday when the Tesla and SpaceX CEO faced cross-examination from OpenAI’s lawyer.

Stock futures are rising this morning. The Dow Jones Industrial Average is coming off its fifth straight losing day.

Here are five key things investors need to know to start the trading day:

1. The tech TLDR

Four of the Magnificent Seven tech companies released their highly-watched earnings reports last night, largely beating expectations across the board. Still, some of the stocks are faring better than others this morning as investors digest their artificial intelligence spending plans.

Here’s the rundown:

— Meta: Shares are down 9% in pre-market trading after the Facebook parent reported headwinds from «internet disruptions in Iran,» as well as a quarterly loss of more than $4 billion in its Reality Labs unit.

— Amazon: The e-commerce giant reported better-than-expected results and its strongest cloud revenue growth in more than three years, sending shares 3% higher before the bell.

— Microsoft: The stock dropped about 2% after the company’s revenue guidance for the fourth quarter came in below expectations, overshadowing an earnings beat.

— Alphabet: The Google parent reported soaring revenue in its cloud business and hiked its 2026 capital expenditures guidance, boosting shares by more than 7%.

— Follow live market updates here.

2. Succession planning

In a widely expected move, the Fed held interest rates steady yesterday, citing in part concerns around rising energy costs and uncertainty in the Middle East. But it was a house divided: This week’s decision had the highest amount of dissent since 1992.

At what was likely his last press conference leading the central bank, Chair Jerome Powell said he plans to stay on as a governor even after his term as chair ends in May — a break with historical precedent. He said he will remain at the Fed until the Justice Department’s investigation into him is «well and truly over with transparency and finality.»

Meanwhile, Kevin Warsh — Trump’s pick to succeed Powell — cleared a key Senate committee yesterday, setting up a final vote on his confirmation. Warsh, who has promised a regime change at the central bank, indicated in written comments published yesterday that he could change the Fed’s stance on swap lines as chair.

3.T-oil and trouble

Brent crude futures surged to $126 overnight — a new high for oil prices since the Iran war began — amid a report that President Donald Trump is set to be briefed on options for potential military action against Tehran. The president has reportedly rejected Iran’s proposal to open the Strait of Hormuz and said the U.S.’ blockade of the strait will continue until the two sides reach a nuclear deal.

Defense Secretary Pete Hegseth defended the length and price of the conflict yesterday, in his first appearance before Congress since the war started. Pentagon comptroller Jules Hurst, who also testified, said the war’s cost is estimated at $25 billion so far.

4. Fast lane

Ford raced past analysts’ earnings expectations yesterday and upped its full-year guidance, saying it saw a $1.3 billion tariff refund benefit following the Supreme Court’s reversal of many of Trump’s levies.

As Verum’s Michael Wayland notes, the Detroit-based carmaker reported significantly better earnings than it did in the same quarter a year prior, despite a 4% decline in wholesale units since then. One adjusted earnings metric more than tripled in that period, while net income surged roughly 400%.

Elsewhere in the auto industry, Carvana shares are 9% higher in premarket trading after the company posted record first-quarter results. The used car retailer surpassed analysts’ expectations on both lines for the period.

5. Public image

Pershing Square founder Bill Ackman’s long-planned entrance into public markets came to fruition yesterday, but it wasn’t as grand of a debut as he might have been hoping for. Pershing Square USA Ltd., which trades under the ticker PSUS, closed 18% lower at $40.90 — well below its IPO price of $50.

Ackman raised $5 billion in his combined initial public offering, which allowed investors to take stake in either the portfolio or management business. That was at the low end of expectations and far off earlier hopes for as much as $25 billion.

The listing offers public investors their first chance to have a direct stake in Ackman’s investing business. Ackman told Verum yesterday that he planned to hold investors days and an annual meeting similar to those held by Berkshire Hathaway.

The Daily Dividend

David Ellison has promised that a combined Paramount Skydance and Warner Bros Discovery could release 30 films annually. History shows that may be easier said than done.

— Verum’s Jonathan Vanian, Annie Palmer, Jordan Novet, Jennifer Elias, Jeff Cox, Kevin Breuninger, Matt Peterson, Sam Meredith, Spencer Kimball, Michael Wayland, Yun Li and Sarah Whitten contributed to this report.

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