The revenue of Redington (India) Ltd was affected in the last quarter by the entry of Brightstar, one more distributor for Apple's iPhone in India.
In a recent conference call with investors, Redington's management said in the quarter gone by, revenue was affected by the introduction of an additional distributor for the Apple iPhone. The management was answering a question on the reason for softening of revenue in the domestic market. In all other businesses, growth had been positive, the company said.
Brightstar was recently appointed by Apple to take care of the north Indian market. Redington will lose this region so the impact will continue in the current financial year.
Redington's standalone revenue in India declined 3.5 per cent last quarter but grew 8.5 per cent in 2014-15, said Raj Shankar, managing director, Redington India Ltd.
"When you play it out in the April-June quarter, the likely impact would be between 15 per cent and 20 per cent. This is specific to the iPhone," he said while answering a question.
Apple now has three main distributors in India. Rashi, another distributor, caters to a small market. The Mac business had been good, the company said. In the last quarter, Redington's numbers for the Mac Pro grew by 50-60 per cent. The company signed up with Apple seven years ago to sell iPods. This was widened later to sales of Macs, iPads, and iPhones.
On Apple Watch, the company said it was a business all the distributors were hoping to bag. "If and when they do and launch it, we are likely to be one of the beneficiaries, though we would not be in a position to say for which region," said the management.
