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Apple CEO: Demonetisation great move for India in longer term

Apple CEO Tim Cook

By: Eastern Eye Staff

The demonetisation drive undertaken by the Indian government is a “great move” in the longer term, Apple CEO Tim Cook said as he emphasised the company’s strong intention to “invest significantly” in the country Cook, in first quarter fiscal year 2017 earnings release conference call, said despite the demonetisation exercise, US-based iPhone maker performed well in the Indian market. “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 in the call on Tuesday when asked about…

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