With the launch of iPhone 17, India has once again seen tremendous craze. Millions of people are competing to buy a new iPhone on offline stores and e-commerce sites. But do you know that the bank’s earnings of ₹ 5000 crore are hidden behind this craze? Actually, more than 1 crore iPhones are sold every year in India, out of which about 70 lakh phones are purchased at EMI. If the base model is considered ₹ 82,000 and adds an interest of ₹ 7,400 at an EMI of 12 months, then banks benefit a total of ₹ 5000 crore. Apart from this, processing fees, late fees and fine increase this income. An iPhone, which people buys as a status symbol, can actually have up to ₹ 90,000. Think, if so much interest is made from the iPhone with only 10% market share, then how much banks will earn from the entire smartphone market?

Redington india ltd shares: Apple company has launched the iPhone 17 series on 9 September. However, its sale will start worldwide from September 19. Amidst all this, the shares of IT and Technology Solutions Provider Redington India Limited saw a wonderful boom. On Tuesday, the shares of Redington India in the Intra-Day session did a lot of business.

With a rapid rise in 19 percent, the company made a long jump and touched its Intrade High Level of Rs 289. On Tuesday, BSE was traded by about 75 million shares of Redington India, while NSEs had a turnover of 9.20 crore shares. Overall, the number of trading shares on Tuesday was 120 times more than the average of the last two weeks.

What is the connection with the iPhone 17 series?

Now the question comes, why did the shares of Redington India Limited suddenly get so fast? Let us tell you that its connection is related to the iPhone 17 series. As the date of its sales is getting closer, the stocks are seeing a boom.

Actually, IT and Technology Solutions Provider This company also manages the supply chain of mobile phone in India. These include Apple and Samsung. Redington had made an agreement with Apple in 2007 and Apple for distribution of iPhone in 2011. It may be that the news of the launch of the iPhone 17 model and now the sale of sales has caught the attention of investors.

Company shares performance

The 52-week high level of shares of Redington India Limited is Rs 334.80 and the low level of 52-weeks is Rs 158.61. That is, the stock has made a long jump of 80 percent from its low level. In the last one year, it has given 51 % returns of more than 51 % and 382 % in the last 5 years. Talking about the company’s financial status, the company had a net profit of 918 crores in the quarter ended March 2025. Whereas during the entire business year, the company earned a profit of Rs 1,821 crore. However, in the June quarter, Redington’s profit declined to 233 crore.

Disclaimer: (The information provided here is being given only for information. It is necessary to tell here that the investment in the market is subject to risks. Always consult expert before investing as an investor. Abplive.com is never advised to invest money here.)

Also read:

So there is gold supply from here in the whole country… Does gold get cheaper in India’s biggest gold market?