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      Newegg Commerce, Inc. (NEGG) Stock Prices Skyrocket Following Announcement of BTO Service - Stocks Telegraph

      By ST Staff

      Published on

      July 7, 2021

      3:06 PM UTC

      Last Updated on

      July 14, 2021

      7:14 AM UTC

      Newegg Commerce, Inc. (NEGG) Stock Prices Skyrocket Following Announcement of BTO Service - Stocks Telegraph

      Newegg Commerce, Inc. (NEGG) stock prices were up a monumental 109.19% shortly after market trading commenced on July 7th, 2021, bringing the price per share up to USD$56.90 early on in the trading day.

      BTO Offering

      July 7th, 2021 saw the company announce the offering of a service to facilitate professional PC assembly for customers who use the Newegg PC Builder tool to design their own computers. The company’s build-to-order offering makes use of the company’s ENIAC in-house computer assembly service to construct and deliver fully assembled computers. NEGG sets itself apart from other competitors in the BTO offering space by providing the service significantly faster.

      Competitive Edge

      Having a varied inventory in the millions, the company can source virtually any build with the use of its existing inventory within their network, with the delivery of completed PCs available to customers anywhere in the U.S. With traditional BTO services offering limited component selection and a timeline that spans weeks to fulfill customer orders, NEGG has proven having a significant competitive edge.

      Services Provided

      The initial beta phase will result in the generation of critical insight that will guide the launch of the second phase of the company’s BTO service, which will come with more perks and options, such as laser engraving, to facilitate additional customization and personalization of consumers’ builds. The PC assembly line is staffed with a workforce of skilled technicians, ensuring the highest quality possible.

      PC Builder Tool

      June 20th, 2021, NEGG rolled out the Newegg PC Builder tool which is an online PC configurator that allows even uninitiated customers to design their own computers. The service was an instant hit, given the scope of customers who prefer professional assembly over doing it themselves. Given how complicated the process can be, with near-limitless configuration possibilities. With the plethora of components, brands, specs, and compatibility issues, the right configuration that meets customers’ needs while staying within budget can be a daunting task. Especially in light of the Covid-19 pandemic, customers have been opting more and more to have their devices built remotely and then delivered.

      Future Outlook for NEGG

      Armed with a service that massively expands the scope of its business, NEGG is poised to capitalize on the expanded and consolidated market footprint it finds itself to now have. The company is keen to leverage the resources at its disposal to organically sustain the recent surges in equity value.

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