By 2040, Half of All Smartphones Will Be Refurbished

Refurbished smartphones are increasingly popular in France, with nearly one in five sold due to their appealing prices and sustainable practices.

Largo Leads the Booming Refurbished Smartphone Market

Largo, a Nantes-based giant founded in 2016, has hit a milestone with 500,000 refurbished smartphones. This significant figure highlights the growing importance of the used smartphone market, a trend reflected in its €26.3M revenue.

Constantly Improving Industrial Processes

Customer satisfaction is at the heart of Largo’s operations, leading to continuous improvements in industrial processes. These efforts have resulted in an impressive customer satisfaction rate of 85%. Additionally, the company has embraced a circular strategy, focusing on local sourcing and short supply chains, mirroring a shift in consumer behavior towards reselling their used devices.

An Effective Strategy to Support Growth

Since the beginning of 2023, Largo has implemented a robust strategy to fuel its expansion, focusing on three main areas:

– Enhancing industrial tools with advanced Business Intelligence integration.
– Progressing in short supply chain sourcing, significantly improved over two years.
– Expanding sales through three priority channels and accelerating international growth, underscored by a recent partnership with Orange Poland.