Redington shares jump 5.5% as Apple hikes iPhone prices in India

Redington shares rose up to 5.5% on September 10 after Apple hiked iPhone prices in India, with the iPhone 17 now starting at Rs 99,900, up from Rs 82,900, while the new iPhone 18 Pro and Pro Max are priced significantly higher. The 256 GB iPhone 17 costs Rs 99,900, a 20.5% increase, and the 512 GB variant is Rs 1,24,900, up 21.4%. The iPhone 18 Pro starts at Rs 1,64,900, a 22% jump from the iPhone 17 Pro, and the Pro Max at Rs 1,79,900, up 20%. These Indian increases far exceed those in the US, China, and the UK. Apple also entered the foldable segment with the iPhone Duo, starting at Rs 2,99,900, available from October 23. Redington, a key Apple distribution partner, saw shares trade 1% higher at Rs 382.2 after an intraday high of Rs 398.45.