Page 2 - Redington
Redington moves beyond iPhones: Non-Apple smartphone segment grows 39%
Redington (India), a supply chain solutions provider for IT and non IT- products and a major distributor of Apple products in the country, has said that the growth in the non-Apple smartphone distribution business has started contributing to its mobility business significantly. Harrow Investment Holding Ltd, the promoter of the company, has exited from the company by selling their shares on July 5 and 6 through open market.The company is also in the process of diversifying its business into new businesses such as Solar energy and health and medical equipment.The non-IT products business, which includes the mobility services has seen picking up a considerable share of its business in the past. Close to 30 per cent of the company's revenue, which was at Rs 15,480 crore on a standalone basis in 2016-17, has been from the mobility and services portfolios, said the company.The company has delivered strong shift towards non-IT or mobility segment, with the contribution of this business ...
 "Redington moves beyond iPhones: Non-Apple smartphone segment grows 39%")
Redington may see higher growth on non-IT business backed by iPhone 7 growth
The response for iPhone 7 and specifically iPhone 7 Plus has been far better than anticipated
 "Redington may see higher growth on non-IT business backed by iPhone 7 growth")
Redington net profit at Rs 100 crore
It has posted a net profit of Rs 100.21 crore for the quarter ended September 30, 2016
 "Redington net profit at Rs 100 crore")
Redington to cash in on Apple's success
Rising share of Apple in its revenues, healthy traction in IT business should drive growth