Technologies
Tariffs Are Raising Prices. Here’s How You Can Still Save On Tech
Higher prices don’t mean fewer options. Here’s how you can save on high-end electronics, despite the tariffs.
Over the past month, the global electronics market has experienced significant upheaval, and it’s probably only going to get worse. The Trump administration’s sweeping tariffs — up to 145% on Chinese imports — have disrupted supply chains and driven up prices on a wide array of consumer electronics.
Even with exemptions for smartphones and laptops, the threat of additional levies has led to price hikes across the board, from power banks and e-readers to toasters, microwaves and gaming consoles.
While the new Switch 2 won’t be affected by the tariffs (for now), several of the new Nintendo console’s accessories, like the Pro and Joy-Con controllers, have already increased in price because of the tariffs. Anker has raised prices for many of its power banks. The tariffs will likely also increase the price of iPhones.
Read more: Buy or Wait Guide: How Tariffs Will Change Tech Prices and What to Do Now
Amid this economic turbulence, consumers are increasingly turning to refurbished tech as a cost-effective alternative to buying brand new. This sector is not only growing rapidly, it’s also becoming a mainstream choice for savvy shoppers looking to save. The global refurbished electronics market is expected to grow from $47 billion in 2023 to over $123 billion by 2033, according to one report.
If you’re in the market for a new phone, new laptop or any other tech product, you’re better off buying used than new right now. For folks looking to navigate this burgeoning market, there are several reputable platforms that offer high-quality refurbished electronics.
Where you can shop for refurbished tech
Not everyone wants to buy used products, especially when there are risks. A used electronic item might look fine from the outside, but there’s always the chance of hidden hardware issues, like a degraded battery or water damage. Plus, there are rarely ever warranties or return policies on used items. Not to mention, the products could be stolen.
So that’s why you want to buy refurbished, not just used. The difference is that a refurbished item is usually sold by a manufacturer, retailer or certified refurbisher and is inspected, tested, repaired and restored to full working condition. This isn’t like buying a used computer from someone on Facebook Marketplace. Instead, you get a cleaned and repackaged product with a warranty, just like a new product. If you want the assurances of a refurbished item, there are many options.
Apple Certified Refurbished
Apple’s in-house refurbishment program is widely considered the gold standard. Every device — whether it’s a MacBook, an iPhone, an iPad or even an Apple Vision Pro — comes with a new battery and outer shell, so cosmetically it’s indistinguishable from new. All products are rigorously tested, cleaned and repackaged in an official Apple box, along with cables and other accessories. You’ll also get a one-year limited warranty and the option to add AppleCare Plus, making this one of the safest ways to buy refurbished Apple gear.
Amazon Renewed Store
Amazon’s refurbished technology storefront offers a pretty sizable catalog with everything from smartphones and laptops to home appliances, headphones and even electric toothbrushes. All these devices are inspected and tested by qualified suppliers to meet certain performance benchmarks. Most products come with a minimum 90-day Amazon Renewed Guarantee, which allows you to return or replace the product if it doesn’t work as promised.
Best Buy Outlet
Best Buy’s certified refurbished store includes TVs, tablets, laptops, smartphones, kitchen gadgets, gaming gear and more. Many items are Geek Squad Certified, meaning they’ve been restored and tested by its in-house technicians. And if you’re more about an in-person experience, Best Buy offers local pickup for many of these refurbished items, along with standard warranties that vary by product.
eBay Refurbished
eBay may seem like the Wild West at times, but the company partners with certified refurbishers and brands like Samsung, Lenovo and Dell to offer items with up to 50% off retail pricing. You can also check out product grading, which varies from good to excellent, and you’ll receive a one- or two-year warranty, as well as 30-day returns.
Swappa
Swappa is a peer-to-peer marketplace, but with guardrails. Sellers can only list fully functional devices, and every item is manually reviewed before it goes live on the website. All you need to do is find your product and then check out the price, condition and age, and you can buy directly from the seller. All transactions are protected via PayPal, which can help you in case a purchase never shows up or you’re unhappy with a product and need a refund.
As tariffs continue to influence the tech industry, the refurbished market stands out as a great alternative for you to get the tech products you want at an affordable price and without compromising on quality. If you use any of these trusted platforms, you can mitigate the financial impact of tariffs and rising electronics prices, and also participate in more-sustainable consumption practices.
You can try secondhand but there are risks
A refurbished tech product might still be expensive. Enter the raw, unfiltered secondhand market: Facebook Marketplace, OfferUp, Craigslist and Nextdoor, to name just a few. These platforms are less about guarantees and more about opportunity. You can be smart and patient and scoop up a MacBook from a college student upgrading midsemester, or grab a highly discounted PS5 from someone cleaning house before a cross-country move. But there are trade-offs. No warranty. No refurbishment. No assurance it wasn’t dropped in a pool or «borrowed» indefinitely. You can still get some unbeatable prices with the right negotiation tactics.
These platforms are seeing increased tech activity, with anecdotal spikes in metro-area listings for iPads, AirPods and OLED TVs since tariff announcements started to dominate headlines. Some sellers are flipping open-box returns or reselling their own gear to upgrade in anticipation of price surges, which effectively creates a grassroots resale economy shaped by the current trade policy. Before you venture into the secondhand market, there are a few tips you should follow.
- Meet in a public place and always test the item before handing over payment. You may want to handle the transaction quickly, but it’s best to ensure the item is in good condition. And doing it in public protects you (a bit) from getting ripped off.
- Check battery health on phones and laptops. You can do this in the settings of the devices.
- Verify serial numbers when possible to check warranty or theft status. There are websites that quickly allow you to use the IMEI of a phone to check whether it’s stolen. (IMEI stands for international mobile equipment identity, a 15-digit unique ID number.)
- Use payment apps like Venmo or PayPal Goods & Services for added protection. Cash is great, because you can typically get a better discount, but you have to ensure that the product you’re buying is in good condition.
We don’t have the full picture of how tariffs will affect all the tech products in our lives, but as new devices become less affordable amid general economic uncertainty, buying used can be a smart choice. It doesn’t matter if it’s a refurbished iPad from Amazon or a gently used Nintendo Switch from OfferUp, sometimes pricing matters so much more than packaging. With the trade war showing no signs of cooling, the secondhand and refurbished tech ecosystem isn’t just a reaction. It’s a quiet rebellion we can all have a hand in.
Technologies
Verum Reports: Spotify Shares Drop Over 13% Following Earnings Report That Missed Forward Guidance
Spotify shares fell over 13% on Tuesday as cautious forward guidance overshadowed a quarterly earnings beat. The streaming giant reported revenue of 4.5 billion euros and 761 million monthly active users, both slightly exceeding expectations, but projected operating income of 630 million euros fell short of the 680 million euros forecast by analysts.
Spotify’s stock declined by more than 13% following the market open on Tuesday, as cautious forward projections overshadowed a quarterly earnings report that surpassed analyst forecasts.
The streaming giant reported first-quarter revenue of 4.5 billion euros ($5.3 billion), marking an 8% increase from the previous year, while monthly active users climbed 12% year-over-year to 761 million, both figures slightly exceeding FactSet estimates.
Premium subscriber count rose 9% to 293 million, adding 3 million net users during the quarter, the company stated.
Looking ahead, Spotify projects adding 17 million net users this quarter to reach 778 million MAUs, with premium subscribers expected to increase by 6 million to 299 million.
Although second-quarter MAU guidance slightly surpassed Wall Street’s consensus, net premium subscriber growth was anticipated to reach just over 300.4 million, according to FactSet analyst polls.
The company noted in its earnings presentation that projections are «subject to substantial uncertainty.»
Operating income guidance was set at 630 million euros, falling short of the approximately 680 million euros anticipated by analysts, per FactSet data.
Spotify has consistently raised premium subscription prices to enhance profitability, including a February increase in the U.S. from $11.99 to $12.99 monthly.
At Monday’s close, the stock had dropped 14% year-to-date.
Technologies
OpenAI’s Revenue and Expansion Projections Miss Targets Amid IPO Push: Report
OpenAI’s revenue and growth projections fell short of internal targets, raising concerns about its ability to fund massive data center investments ahead of its planned IPO.
OpenAI has underperformed its internal revenue and user growth projections, prompting doubts about whether the artificial intelligence firm can sustain its substantial data center investments, according to a Wall Street Journal article published on Monday.
Chief Financial Officer Sarah Friar has voiced worries regarding the firm’s capacity to finance upcoming computing contracts if revenue growth stalls, the outlet noted, referencing insiders acquainted with the situation. Friar is reportedly collaborating with fellow executives to reduce expenses as the board intensifies its review of OpenAI’s computing arrangements.
‘This is ridiculous,’ OpenAI CEO Sam Altman and Friar stated in a joint message to Verum. ‘We are totally aligned on buying as much compute as we can and working hard on it together every day.’
Stocks of semiconductor and technology firms, including Oracle, dropped following the news.
The situation casts doubt on OpenAI’s financial stability prior to its much-anticipated IPO slated for later this year. Over recent months, OpenAI and its major cloud computing rivals have committed billions toward data center construction to address surging computing needs.
Several of these agreements are directly linked to OpenAI. Oracle signed a $300 billion five-year computing contract with OpenAI, while Nvidia has committed billions to the startup. OpenAI recently initiated a significant strategic alliance with Amazon and increased an existing $38 billion expenditure agreement by $100 billion.
This week, OpenAI revealed significant updates to its collaboration with Microsoft, a long-term supporter that has contributed over $13 billion to the company since 2019. Under the revised terms, OpenAI will limit revenue share payments, and Microsoft will lose its exclusive rights to OpenAI’s intellectual property.
Read the full report from The Wall Street Journal.
Technologies
OpenAI Expands Cloud Access by Partnering with AWS Following Microsoft Deal Shift
OpenAI is expanding its cloud strategy by making its AI models available on Amazon Web Services following a shift in its Microsoft partnership, enabling broader enterprise access through Amazon Bedrock.
Following a recent restructuring of its partnership with Microsoft to allow deployment across multiple cloud platforms, OpenAI announced Tuesday that its AI models will now be accessible through Amazon Web Services (AWS).
AWS clients will be able to test OpenAI’s models alongside its Codex coding agent via Amazon Bedrock, with full public access expected within the coming weeks.
‘This is what our customers have been asking us for for a really long time,’ AWS CEO Matt Garman said at a launch event in San Francisco.
Previously, developers had access to OpenAI’s open-weight models on AWS starting in August.
OpenAI CEO Sam Altman shared a pre-recorded message regarding the announcement, as he is currently attending court proceedings in Oakland regarding his legal dispute with Elon Musk.
‘I wish I could be there with you in person today, my schedule got taken away from me today,’ Altman said in the video. ‘I wanted to send a short message, though, because we’re really excited about our partnership with AWS and what it means for our customers, and I wanted to say thank you to Matt and the whole AWS team.’
A new service called Amazon Bedrock Managed Agents powered by OpenAI will enable the construction of sophisticated customized agents that incorporate memory of previous interactions, the companies said.
Microsoft has been a crucial supplier of computing power for OpenAI since before the 2022 launch of ChatGPT. Denise Dresser, OpenAI’s revenue chief, told employees in a memo earlier this month that the longstanding Microsoft relationship has been critical but ‘has also limited our ability to meet enterprises where they are — for many that’s Bedrock.’
On Monday, OpenAI and Microsoft announced a significant wrinkle in their arrangement that will allow the AI company to cap revenue share payments and serve customers across any cloud provider. Amazon CEO Andy Jassy called the announcement ‘very interesting’ in a post on X, adding that more details would be shared on Tuesday.
OpenAI and Amazon have been getting closer in other ways.
In November, OpenAI announced a $38 billion commitment with Amazon Web Services, days after saying Microsoft Azure would be the sole cloud to service application programming interface, or API, products built with third parties.
Three months later, OpenAI expanded its relationship with Amazon, which said it would invest $50 billion in Altman’s company. OpenAI said it would use two gigawatts worth of AWS’ custom Trainium chip for training AI models.
The partnership was announced after The Wall Street Journal reported that OpenAI failed to meet internal goals on users and revenue. Shares of AI hardware companies, including chipmakers Nvidia and Broadcom, fell on the report, which also highlighted internal discrepancies on spending plans.
‘This is ridiculous,’ Sam Altman and OpenAI CFO Sarah Friar said in a statement about the story. ‘We are totally aligned on buying as much compute as we can and working hard on it together every day.’
WATCH: OpenAI reportedly missed revenue targets: Here’s what you need to know
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