Chennai-based distributor earns one-third of top line from iPhone maker; have it in portfolio?

Apple Expands Manufacturing in India: Amid ongoing trade tensions between the US and China, Apple is steadily expanding its manufacturing operations in India. According to Zee Business research, approximately 25 per cent of Apple's manufacturing now takes place in India.

The production of iPhone is estimated to have increased from 36 million units to approximately 55 million units, an increase of approximately 53 per cent.

How Redington Benefits From Apple’s Expansion

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The growing presence of Apple's production in India is expected to benefit distribution companies – those involved in supply chain management and distribution.

One of these companies is Redington (India) Ltd. Since 2007, the company has been a major distributor of Apple technology.

It handles a significant portion of Apple's logistics, warehousing, and distribution operations.

The company supplies Apple products to an extensive network of resellers and retailers spanning the Middle East, Turkey, Africa, and South Asia. And that makes it is a key partner in Apple's regional supply chain.

With the rapid increase in iPhone production, it is expected that higher volumes of products will be sold through distribution channels, which could improve revenue prospects for Redington.

Redington’s Revenue Strongly Linked to Apple

A look at Redington’s third-quarter revenue mix highlights the importance of Apple to the company’s business.

Nearly a third of Redington's revenue comes from Apple alone, underscoring how closely the distributor's growth is tied to the tech giant's performance in the region.

Redington (India) shares

Listed on BSE and NSE, Redington shares soared over 11 per cent to close at Rs 258.9 apiece on BSE in Tuesday's trade.

iPhones Become India’s Top Export Item

According to industry data released last week, the iPhone became India's most valuable export item in 2025, with devices worth $23 billion manufactured in India, mostly to the United States.

Apple alone contributed about 76 per cent of the total smartphone exports from the country, showing the company’s strong presence in India’s electronics manufacturing sector.

Apple’s Expanding Manufacturing Ecosystem

Apple currently operates five iPhone assembly plants throughout the country. Three plants operate under Tata Group companies, while Foxconn, one of Apple’s main global manufacturing partners, manages the remaining two facilities. The factories receive support from a supply chain that includes about 45 companies that provide components for both domestic production and export purposes, including multiple micro, small, and medium enterprises.

Apple iOS 26.3: Latest Software Updates

On a separate note, the technology giant had also released iOS 26.3 and iPadOS 26.3 globally last month. The update, which was released in India on February 12, includes several important security fixes that address 39 vulnerabilities in the operating systems.

Apple officially released iOS 26.3 in India on February 12, although the update began rolling out globally on February 11. This means it became available to Indian users early in the morning.

Available for iPhone 11 and later models, this update includes patches ranging from the kernel and WebKit to accessibility features and wireless connectivity.