Apple Event 2026 impact: Redington shares jump 5% after Apple unveils first-ever foldable iPhone

Apple’s entry into the foldable smartphone market could benefit Redington, a key Apple distribution partner in India and other markets. Analysts expect the launch to boost consumer awareness and confidence in foldables, although Samsung is likely to retain its dominance in the near term. IDC expects Apple to ship around 10 million units in the first 12 months.