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.
Redington shares surged over 10% following Apple CEO Tim Cook's remarks about potential 'unavoidable' price hikes, citing increased memory and storage costs driven by AI demand. Investors are optimistic about improved margins for Redington, a significant Apple distributor,…
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