Apple’s iPhone 17 launch sends this Indian stock to a 16-year high weekly gain

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By Invezz Markets

6 months ago

Article Summary

apple india, redington share price, REDINGTON stock [https://invezz.com/wp-content/uploads/2025/09/20250919_131711_qjGxk.png] Shares of Redington, one of Apple’s main distribution partners in India, have been on a tear after the launch of the iPhone 17 series in the country. The stock has risen by 22% this week, marking its best weekly gain since May 2009. The surge came as investors bet on robust demand for Apple’s latest devices. The momentum has been fuelled by optimism around festive-season demand and Redington’s pivotal role in Apple’s supply chain. REDINGTON’S LONG-STANDING PARTNERSHIP WITH APPLE Redington has been distributing Apple products in India since 2007, managing logistics, warehousing, and sales to resellers including Croma, Vijay Sales and Reliance Digital. The company also runs a distributor partner program for Apple, enabling small and mid-sized businesses to retail Apple products. Apart from iPhones, Redington handles Macs, iPads, Watches and accessories across India, the Middle East and Turkey. Apple remains a critical client, contributing 34% to Redington’s topline in the June quarter, up from 30% a year earlier. PRE-BOOKINGS SIGNAL STRONG FESTIVE DEMAND FOR IPHONE 17. The launch of the iPhone…

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Published:September 19, 2025 at 01:37 PM

Source:Invezz Markets

Category:News

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