By Amrith Ramkumar
The share of people who expect to spend less on electronics in the coming months has surged, highlighting how tariff uncertainty is hitting the technology sector.
The proportion of survey respondents saying they would reduce spending on tech products in the next six months hit the highest level in two years, a recent Morgan Stanley survey found.
Microsoft recently raised prices for Xbox consoles, games and accessories, citing market uncertainty and development costs.
The Trump administration has exempted many consumer-tech products from its most severe tariffs. But it has said they face separate levies following an investigation into semiconductors.
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(END) Dow Jones Newswires
May 06, 2025 08:19 ET (12:19 GMT)
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