FOXX | Market Cap: $17.7M (10/12/26)
Industry:
Hardware

DESCRIPTION

Foxx Development designs and sells budget consumer electronics, primarily Android smartphones and tablets under its MIRO and FOXX brands. The company focuses on the value segment of the U.S. market, targeting cost-conscious consumers, first-time buyers, and government-subsidized programs. Foxx operates an asset-light, build-to-order business model by outsourcing production to original design manufacturers in Southeast Asia while managing product specifications, Google certifications, and quality control internally. Foxx generates revenue primarily by selling hardware to wholesale distributors that supply major U.S. wireless carriers and mobile virtual network operators. Foxx also sells directly to consumers through e-commerce platforms like Amazon and Walmart. To diversify beyond hardware sales, Foxx generates secondary revenue by pre-installing third-party mobile applications on devices and is developing an IoT cloud platform to provide device management and recurring software services. In addition, Foxx is expanding into adjacent hardware categories, including smartwatches, AI smart glasses, smart home sensors, and automotive dashcams.

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