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Economic Times
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 jumps 10% as Apple flags price hikes amid AI-led chip crunch
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