Redington shares jump 5% after foldable iPhone
Apple's first foldable iPhone lifted Redington's stock; analysts said the launch could boost foldable demand even as Samsung keeps a near-term lead.
Mateo Fernandez ·
Redington shares rose 5 percent on September 10, 2026, after Apple unveiled its first foldable iPhone, traders said, a move investors see as likely to lift demand for distributors.
Shares climbed in Mumbai trade, data showed. Market participants said the announcement drove a wave of buying into companies tied to Apple's supply chain and retail distribution.
Redington shares rally
Redington is a key distribution partner for Apple in India and other markets, analysts said, and stands to gain from higher consumer interest in foldables through device and accessory flows. Analysts added that the launch should raise consumer awareness of foldables and shorten purchase hesitation among upgrade buyers.
A market-research firm projected roughly 10 million Apple foldable units in the first 12 months after launch, which market participants said would create a tangible revenue stream for distributors through logistics, retail support and accessories. Analysts cautioned, however, that Samsung's incumbent scale and early category depth are likely to preserve its near-term market lead.
Investors will watch shipment and retail sell-through figures closely; by September 10, 2027, the market-research firm’s 12-month window will show whether Apple met the projected 10 million-unit volume.