The cost of high-end gadgets has skyrocketed in recent years, with some devices exceeding the price of a month's rent, but thankfully there are still some affordable options available, with 75 percent of The Verge staff members surveyed agreeing that you don't have to break the bank to get a decent gadget.
Why it matters to readers is that with the ongoing tariff situation in the US and a global memory shortage pushing up the cost of everything, many consumers are being priced out of the market, with a survey by the Consumer Technology Association finding that 60 percent of consumers are looking for gadgets under 50 dollars.
Finding affordable gadgets can be a challenge, but it's not impossible, and with a little research, you can find some great devices, such as a portable power bank that can charge your phone on the go, or a wireless headphone set that offers great sound quality, and according to a report by the market research firm NPD Group, sales of affordable gadgets have increased by 25 percent in the past year.
What to expect next is that the demand for affordable gadgets will continue to grow, and manufacturers will have to adapt to meet this demand, with companies like Anker and Aukey already offering a range of affordable gadgets, including phone cases, screen protectors, and charging cables, and a report by the market research firm IDC found that the global market for affordable gadgets is expected to reach 10 billion dollars by 2025.
Gadgets under 50 dollars
The rise of affordable gadgets has been driven by the increasing demand for technology from consumers in emerging markets, where the average income is lower, and according to a report by the World Bank, the number of people with access to the internet in these markets has increased by 50 percent in the past five years.
The impact of tariffs on the gadget industry
The ongoing tariff situation in the US has had a significant impact on the gadget industry, with many manufacturers being forced to increase their prices, but some companies have found ways to mitigate this impact, such as by sourcing components from other countries, and according to a report by the US Census Bureau, the number of gadgets imported into the US has decreased by 10 percent in the past year.
Cheap alternatives to expensive gadgets
One of the most popular affordable gadgets is the fitness tracker, which can be used to track your daily activity, sleep, and heart rate, and according to a report by the market research firm Nielsen, the number of people using fitness trackers has increased by 30 percent in the past year, with devices like the Xiaomi Mi Band offering a range of features at an affordable price, and a review by the tech website CNET found that the Mi Band offers great value for money, with a price tag of just 25 dollars.
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