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Redington shares rally 10% after Apple CEO Tim Cook says price hikes 'unavoidable' amid AI boom

Redington shares surged over 10% after Apple CEO Tim Cook signalled potential price hikes due to rising memory and storage costs driven by AI demand. Investors bet on improved margins for Redington, a key Apple distributor, even as the company reported a year-on-year decline in quarterly profit despite strong revenue growth.

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Economic TimesLean R·2h ago
Redington shares rally 10% after Apple CEO Tim Cook says price hikes 'unavoidable' amid AI boom
Redington shares surged over 10% after Apple CEO Tim Cook signalled potential price hikes due to rising memory and storage costs driven by AI demand. Investors bet on improved margins for Redington, a key Apple distributor, even as the company reported a year-on-year decline in quarterly profit despite strong revenue growth.
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Redington shares rally 10% after Apple CEO Tim Cook says price hikes 'unavoidable' amid AI boom

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