Eightco Announces Product Expansion In Forever 8's Apple Products Business
Portfolio Pulse from Benzinga Newsdesk
Eightco Holdings Inc. (NASDAQ:OCTO) announced its subsidiary, Forever 8 Fund LLC, is expanding its inventory capital provision to include more refurbished Apple products such as iPads, AirPods, Apple Watch, and iPad Pencil, in addition to iPhones. This expansion is driven by strong customer demand for refurbished Apple products, attributed to their high cost when new, inflationary pressures, and the growing interest in the circular economy.
April 17, 2024 | 1:18 pm
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Eightco Holdings Inc. is expanding its refurbished Apple product offerings, indicating a strategic move to capitalize on the growing demand for cost-effective, sustainable tech solutions.
The expansion of Eightco's product offerings through its subsidiary Forever 8 into additional refurbished Apple products is likely to be viewed positively by investors. This move taps into the increasing consumer demand for more affordable, sustainable alternatives to new electronics, potentially opening up new revenue streams for Eightco. The focus on refurbished products also aligns with growing environmental concerns, which could enhance the company's brand image and appeal to a broader customer base.
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