Redington Shares Climb as Much as 5.5% Following Apple's iPhone 18 Lineup Introduction, Increases Prices in India

Redington’s shares climbed significantly on Thursday, September 10, surging by up to 5.5% following Apple’s unveiling of the new iPhone 18 lineup and increasing prices of various iPhone models in India. 

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The stock rallied to an intra-day high of ₹398.45. The rally moderated as the day progressed, with the stock up by 1% at ₹382.20 as of 10:50 am. 

The rally came amid Apple’s release of its latest range of premium handsets, as well as hikes in prices of various models in India. 

Starting Price of iPhone 17 Increased to ₹99,900 

Starting price of the 256 GB iPhone 17 is now ₹99,900, as against ₹82,900 earlier. This amounts to an increase of ₹17,000 or 20.5%. 

Starting price of the 512 GB variant has been increased to ₹1,24,900 from ₹1,02,900, which amounts to an increase of ₹22,000 or 21.4%. 

iPhone 18 Pro that has just been launched carries a higher starting price than its predecessor. Starting price of the new iPhone 18 Pro is ₹1,64,900, whereas the same model had a starting price of ₹1,34,900. 

Starting price of iPhone 18 Pro Max is ₹1,79,900, which is 20% more than that of the previous model which was ₹1,49,900. 

Increase in price of Pro models is more in India than many other leading countries. There has been a price increase of 9% and 8% in case of iPhone 18 Pro and Pro Max in the US respectively. In China there is a price hike of 11% and 10% for these models while in the UK there is an increase of 9% and 8%. Similarly in Japan there is an increase of 22% and 23% in these two models. 

Apple’s First Foldable iPhone Arrives at ₹2,99,900 

The launch also marks Apple’s entry into foldable smartphones with the iPhone Duo. 

The device starts at ₹2,99,900 and will be available from October 23. 

The Duo opens into a 7.6-inch display and also has a smaller screen on the front when folded. Apple has positioned the device around productivity, with support for multiple app windows on its larger display. 

It runs on Apple’s A20 Pro chip and uses the company’s new C2 modem. The battery supports 24 hours of mixed dual-screen use and can reach 50% charge in around 20 minutes. 

The iPhone 18 Pro will also use the A20 Pro chip, which includes improvements designed to support advanced AI models running directly on the device. 

Why Redington Is in Focus 

Redington is one of Apple’s primary authorised national supply-chain and distribution partners across India, the Middle East and Africa. 

Apple products account for a significant portion of revenue from Redington’s mobility segment, putting the stock in focus as the technology company introduced its latest iPhones and revised pricing across its India portfolio. 

Thursday’s initial 5.5% jump took Redington to ₹398.45 before the stock pared much of the advance. By 10:50 am, it was trading at ₹382.20, up around 1% for the session.