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Eightco Achieves Revenues of $100mn in Mobile Phone Business
OCTOEightco (OCTO) Newsfilter·2024-07-23 13:00

Company Overview - Eightco Holdings Inc. operates through its subsidiary Forever 8 Fund LLC, which specializes in the refurbished Apple products market, including iPhones, iPads, AirPods, Apple Watches, and the iPad Pencil in the UK and EU [1][2] - The company utilizes a proprietary data-driven tool to manage inventory levels and capital, optimizing supply chains and marketing strategies for vendors [1] Financial Performance - Forever 8 has achieved $100 million in revenues from its refurbished Apple smartphone division since its launch in April 2021 [2][5] - The growth in the refurbished market for Apple products is a key driver for the company's success, with significant demand from both suppliers and customers [5] Strategic Focus - Eightco is committed to expanding its subsidiaries and is actively seeking new opportunities to enhance its portfolio of technology solutions focused on the e-commerce ecosystem through strategic acquisitions [6] - The company aims to create significant value and growth for its portfolio companies and stockholders through innovative strategies and focused execution [6]