Redington Shares Soar on iPhone 17 Launch Day

New Delhi, September 19, 2025: Redington Ltd. experienced a significant surge, rising by over 9% in early trade on Friday. This remarkable rally has been attributed to the launch of the new iPhone 17 series in India, a development that is expected to substantially benefit the company.

Redington, a prominent technology and supply chain solutions provider, is a key distribution partner for Apple in India and other regions. The company’s stock, which has been gaining momentum in recent days in anticipation of the launch, reached a new high for the current trading session. The renewed investor interest is being driven by the belief that a successful iPhone 17 launch will translate into a significant increase in sales and, consequently, higher revenues for the company.

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The company’s long-standing partnership with Apple, which dates back to a 2007 distribution agreement, is a crucial factor in this performance. Redington’s extensive network is responsible for managing the logistics, warehousing, and distribution of Apple products to thousands of resellers and retailers across India, the Middle East, Turkey, and Africa. The company has announced that the iPhone 17 series will be offered across 7,000 retail locations in India.

The launch of the iPhone 17 series has been met with great excitement, with customers seen lining up at Apple’s retail stores in major cities. The new series, which includes the iPhone 17, iPhone 17 Pro, iPhone 17 Pro Max, and the all-new iPhone Air, is seen as a key product cycle for the company. The pricing for the new models starts at ₹82,900 for the base variant and goes up to ₹2,29,900 for the highest-end model.

While the stock’s recent surge is being fueled by the positive outlook from the iPhone launch, it has also been noted that the company’s financial performance has been strong. Redington reported a 12% year-on-year growth in net profit for the first quarter of FY26. However, some analysts have warned that the stock’s technical readings point to a near-term overbought position, suggesting that a pullback could be seen in the coming days.

Regardless of short-term volatility, the long-term prospects for Redington are considered positive. Its strong position in the supply chain ecosystem and its strategic partnerships with global tech giants are expected to be key drivers of future growth.