Seagate Teams Up With eBay To Expand Hard Drive Circularity Program
Portfolio Pulse from Benzinga Newsdesk
Seagate Technology Holdings (NASDAQ:STX) has partnered with eBay to launch an official storefront for factory-recertified hard drives as part of Seagate's Circularity Program. This collaboration aims to enhance sustainability by providing consumers with access to recertified drives through eBay's established retail platform.
June 18, 2024 | 1:00 pm
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POSITIVE IMPACT
eBay's collaboration with Seagate to offer factory-recertified hard drives aligns with its sustainability goals and could attract more environmentally conscious consumers to its platform.
By partnering with Seagate, eBay enhances its product offerings with sustainable options, which could attract more consumers and potentially increase sales. This is likely to have a positive short-term impact on eBay's stock price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Seagate's partnership with eBay to sell factory-recertified hard drives is likely to enhance its sustainability image and potentially increase sales through a new retail channel.
The partnership with eBay provides Seagate with a new sales channel for its recertified hard drives, which could lead to increased revenue and a stronger sustainability image. This is likely to positively impact Seagate's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100