Rising demand for memory chips driven by AI development is causing price increases for both new and refurbished laptops and tablets ahead of the upcoming back-to-school season.

Key Points

• A global memory chip shortage, expected to persist until 2028, is driving up costs for new and refurbished consumer electronics.
• Apple increased prices on its Certified Refurbished store by 6% to 15% in June, while Microsoft is raising prices on Xbox consoles and Surface laptops.
• Consumers are increasingly turning to secondhand markets, with 48% of US adults considering refurbished devices due to rising costs for new hardware.
• Retailers like Back Market, Amazon Renewed, and Best Buy Outlet offer warranties and inspections that private platforms like Facebook Marketplace lack.
• Trade-in programs from companies like Apple and Amazon, or third-party sites like Swappa, can help offset the cost of purchasing new or used equipment.

Why it Matters

The ongoing chip shortage forces families to navigate a more expensive market for essential educational technology. Comparing warranties, trade-in values, and seasonal student discounts is now critical for managing back-to-school budgets effectively.