Friday 16 September 2016

Will Apple iPhone 6s price cut help Redington?

September 15, 2016:

Apple Inc has slashed prices of iPhone 6S and 6S Plus by up to ₹22,000. There is usually a price drop for the previous versions when a new model is announced by Apple.

The iPhone 7 and iPhone 7 Plus, which was launched earlier this month in the US, are slated to hit the Indian market on October 7, with prices starting at ₹60,000.

Shares of Redington may remain in focus, as it is one of the major distributors of Apple products in India.
(This article was published on September 15, 2016)
Resource: http://www.thehindubusinessline.com/markets/stock-markets/will-apple-iphone-6s-price-cut-help-redington/article9111547.ece

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