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Shares of Redington rose as much as 5.5% on September 10 after Apple unveiled its iPhone 18 series and increased prices of several iPhone models in India.
The iPhone 17 now starts at ₹99,900, compared with ₹82,900 earlier. Apple also launched the iPhone 18 Pro, iPhone 18 Pro Max, and its first foldable smartphone, the iPhone Duo.
Redington is one of Apple's key distribution partners in India, the Middle East, and Africa (MEA). The launch of new premium devices and higher iPhone prices is expected to support sales and benefit the company.
Redington: Keep an eye on the company as Apple new product launches have been at higher prices. Apple launched I phone 18 and I phone 18 pro at $1,199 and $1,299 respectively. Also launched foldable phone I phone Duo at $1,999.
10 Sep 2026, 2:34PMShares gained up to 5.5% after Apple launched the iPhone 18 series and raised iPhone prices in India.
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