Redington shares rally 5% after Apple unveils new options at WWDC 2026
The corporate rolled out the next-generation Apple Intelligence options, AI-powered picture modifying instruments, enhanced child-safety capabilities and software program updates throughout iPhone, iPad, Mac, Apple Watch and Imaginative and prescient Professional.
Redington has been a key Apple distribution companion since 2007, dealing with the logistics, warehousing and distribution of Apple merchandise to retailers and resellers throughout India, the Center East, Turkey, Africa and South Asia.
Redington shares sharply surged to an intraday excessive of Rs 241 apiece on NSE on Tuesday morning, snapping a two-session shedding streak. Notably, Apple shares in the meantime closed round 2% decrease after its annual convention.
New Apple options unveiled at WWDC 2026
In what was Tim Cook dinner’s final WWDC because the Apple CEO, the corporate on Monday unveiled a much-awaited overhaul of Siri, introducing a extra conversational, context-aware model of its digital assistant as the corporate seeks to meet up with AI rivals together with ChatGPT, Gemini and Claude.
The brand new mannequin known as ‘Siri AI’ will now include a devoted app, a redesigned interface and improved conversational skills. In keeping with Apple, it will possibly perceive a consumer’s private context, entry broad world information and even perceive what’s at the moment on a consumer’s display screen.
Additionally learn: Siri will get an AI makeover, its greatest improve since 2011 debut
Apple additionally unveiled the subsequent era of Apple Intelligence, constructed on up to date Apple Basis Fashions that energy Siri, picture era, writing help and reasoning capabilities. It additionally considerably expanded its Visible Intelligence, bringing picture understanding capabilities to extra gadgets. On the iPhone, Siri can now analyse what customers see via the Digital camera app and reply questions on objects, areas and meals. The assistant may also carry out actions equivalent to splitting restaurant payments utilizing Apple Money.
Why are Redington shares rising?
Redington has a long-standing partnership with Apple, courting again to a 2007 distribution settlement for Apple merchandise in India. Redington manages logistics, warehousing, and distribution to resellers and retailers throughout India, the Center East, Turkey, Africa, and South Asia. It’s one among Apple’s key official nationwide distributors and supply-chain companions in India.
Redington in Might reported a consolidated web revenue of Rs 391 crore for the January-March quarter of FY26. That is over 41% decrease than the Rs 666 crore web revenue reported within the corresponding quarter of the earlier monetary yr. The agency’s income from operations, in the meantime, elevated practically 26% YoY to Rs 33,213 crore throughout the quarter underneath evaluate.
Additionally learn: Siri AI, Apple Intelligence, little one security instruments and extra — Largest bulletins from Apple
Redington share value
Redington shares have gained over 6% in a single month however declined round 14% in 2026 up to now. The inventory is down 17% in a single yr. In the long run, the shares of the tech firm jumped 28% in three years and greater than 74% in 5 years.
The corporate at the moment has a market capitalisation of greater than Rs 18,537 crore.
(Disclaimer: Suggestions, options, views and opinions given by the consultants are their very own. These don’t signify the views of The Financial Instances)
