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…
Shares of Redington jumped more than 10% on Thursday after Apples outgoing CEO Tim Cook revealed the iPhone makers plans to raise prices to offset increasing memory and storage chip costs amid the AI… [+2755 chars]
Originally published by
The Times of India
