Foxway’s subsidiary Teqcycle has started 2025 with remarkable momentum. In the first quarter, the company grew its business by 2.4 times compared to the same period last year, according to Mathias Egelund, head of Foxway’s business unit Teqcycle. This surge is a sign of strong demand for premium remanufactured tech and Teqcycle’s operational excellence, according to the company.
Repair rate now below 3%
Alongside its growth, Teqcycle achieved a return material authorization (RMA) rate of just 2.99%. The company on this result: “This figure matches the performance of new devices, underlining the company's ability to deliver quality that rivals brand-new products. Teqcycle’s focus on quality control and operational precision is paying off, as customers increasingly expect used devices to meet near-new standards”.
Market shift driving circular tech
Behind Teqcycle’s performance lies a wider market trend. Businesses and consumers alike are seeking more sustainable alternatives to traditional tech purchases – especially without compromising on performance. Remanufactured devices, including premium models like the Apple iPhone, are becoming the go-to choice for responsible technology buyers.
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