5 Things Tim Cook Said About India During Apple’s Q1 Results Conference

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After five-long years, Apple reclaimed its position as the world’s top smartphone maker in the fourth quarter of the year 2016. The company beat Samsung to make its claim to the top spot.

India too played an impressive role during the quarter, making Apple CEO Tim Cook reiterate his commitment to the Indian market.

1. Demonetisation a great move

Apple CEO Tim Cook

Apple CEO Tim Cook hailed PM  Narendra Modi’s demonetisation. The demonetisation drive undertaken by the Indian government is a “great move” in the longer term, Apple CEO said.

“It’s still definitely having some overhang. But I think in the longer term, it’s a great move…,” he added.

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Apple CEO Tim Cook

Apple CEO Tim Cook hailed PM Narendra Modi’s demonetisation. The demonetisation drive undertaken by the Indian government is a “great move” in the longer term, Apple CEO said.

“It’s still definitely having some overhang. But I think in the longer term, it’s a great move…,” he added.

 3.  India revenues grow 56% year-on-year

Apple CEO Tim Cook

Apple India clocked Rs 9,997 crore in sales in 2015-16, up 56% from Rs 6,472 crore in the year before, as per the company.

 4. To make investments in India

Apple CEO Tim Cook

CEO Cook reiterated Apple’s commitment to investing in India and added that the company is in talks with the government to open retail stores.

“We are in discussions on a number of things, including retail stores, and fully intend to invest significantly in the country and believe it’s a great place to be,” he said.

 5. IPads sales growing in India

Apple CEO Tim Cook

Apple CEO said that while tablet sales have been declining globally, India saw growth. “We posted double-digit growth in both Mainland China and India, as we have expanded distribution channels in those countries and we continue to attract a very high percentage of first-time tablet buyers,” he said.

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