The Consumer Technology Association forecasts a record $537 billion spending on apps and gadgets in 2025, driven by demand for new AI features, provided tariffs don't disrupt prices.
Brian Comiskey from the CTA highlighted the potential impacts of Trump's proposed tariffs, warning they could substantially reduce U.S. purchasing power, with declines ranging from $90 to $143 billion.
If tariffs are implemented, devices like laptops could see price increases by 46%, gaming consoles by 40%, and smartphones by 26%, drastically affecting consumer spending.
Without tariff disruptions, the industry is poised for a spending 'super cycle,' as consumers seek devices that can leverage advanced AI features that enhance their functionality.
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