New Delhi, Sept. 19 -- Shares of Redington Ltd., a prominent supplier of iPhones in India to Apple Inc., surged more than 9 percent on Friday, September 19, after the launch of the iPhone 17 models in the country. The rally came as investors bet on strong demand for Apple's latest smartphone lineup.

The sales of Apple iPhone 17 commenced in India on September 19, with pre-orders already underway. Redington, which has been distributing Apple products in the country since 2007, remains one of Apple's key distribution partners in India.

Earlier this month, Apple unveiled its new iPhone 17, iPhone 17 Pro, and iPhone 17 Pro Max. The iPhone 17 will be available in lavender, mist blue, sage, white, and black, with storage options of 256GB and ...