Apple expects a 20% bump in India sales.
“Make in India” coupled with margin expansion over Iphone15 could bode well for Redington and Ingram Micro. The onus rests on Indian economic recovery, consumption boost and Diwali sentiments. It is to be noted that Samsung India has been on a backfoot of late in the premium smartphone segment due to corporate restructuring and layoffs. The Chinese brands do not exactly have a premiumness that Apple can provide vis a vis Samsung making it the biggest beneficiary in India.
Expecting similar sales forecasts in international markets for Apple where Redington is a distributor.
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