Redington shares touched a fresh high of ₹403.25 on Thursday, jumping over 6%, right after Apple unveiled its new iPhone lineup overnight.

Apple held its “Surprise and Shine” event on September 9, where it introduced the iPhone Duo, its first-ever foldable smartphone, along with the iPhone 18 Pro and iPhone 18 Pro Max.

Redington happens to be one of Apple’s official distributors in India, which explains why the stock reacted so sharply.

The iPhone Duo itself is a big deal for Apple. It folds like a passport, opens up into a 7.6-inch display, and comes powered by Apple’s new A20 Pro chip.

Prices start at ₹2,99,900 for the base 256GB model and go up to ₹4,49,900 for the top-end 2TB version, making it one of the priciest phones sold in India. It will hit Indian stores from October 23.

Alongside the new launch, Apple also raised prices on several older iPhone models sold in India. The 256GB iPhone 17 now costs ₹99,900, up from ₹82,900 earlier, a jump of around 20%.

The iPhone 18 Pro starts at ₹1,64,900, higher than what the previous generation Pro model cost. For Redington, this matters because it isn’t just about the Duo.

Every iPhone that gets pricier and every new product Apple adds to its lineup passes through Redington’s distribution network in India, the Middle East and Africa.

That’s typically good news for a distributor’s revenue, though how much of an actual difference it makes will depend on real demand and how many units eventually sell.

This launch also comes at a time when Redington’s own numbers have been improving.

In its June quarter results, the company posted consolidated revenue of ₹34,966 crore, up 34% year on year, with profit after tax rising 77% to ₹486 crore.

As of 12:50 pm on September 10, Redington was trading at ₹394.30 on the NSE, up 4.30% for the day.

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