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By : Oneindia Video Team
Published : February 01, 2017, 02:35
Duration : 01:56

Apple CEO says India a great place to be, praises demonetisation

Apple Inc CEO Tim Cook said “We fully intend to invest significantly in the country and believe it’s a great place to be,” he said in the Q1 2017 earnings call with analysts and journalists.“Despite the demonetisation move in India that created lots of economic pressure there last quarter, despite that, we had all-time record revenue results, and so we were very happy about that,” Cook said. However, he added that demonetisation impact has not worked its way through yet, suggesting things could get bad after a while. “It’s still definitely having some overhang.” But Cook was supportive of the move and said in the longer term, it’s a “great move”. Cook said he felt really good about how Apple is doing in India.
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