Apple CEO appreciates demonetization
While the demonetization move has seen many criticisms from people, there is also praise from many others. Joining the list of supporters is the CEO of tech giant Apple, Tim Cook.
Cook praised the move of Modi government and said that despite the cash crunch, the sales of their phones has increased in this quarter in India.
The last quarter has been great for Apple as Indian sales saw a double digit growth.
Cook recently visited India as part of a possible Apple strategy. The investors of India are also eagerly wondering what Apple is planning. Apple’s global sales however took a turn for the worse.
Experts expect that India will be the next China for Apple because of the country’s increasing manufacturing potential. This means that Apple could be looking to set up an assembly unit in India.
There have been reports that Apple is looking at Bengaluru for this purpose.
Cook himself stated that Apple is in talks with the government to open retail stores in India. Apple is looking to invest significantly in India, he says, calling the country a great place.
Talking about the notes ban in India, he said that even though it hasn’t made the impact yet, it is a great move.
He said that it is something that will help the country in the long term.
He said despite the declining global sales and the note ban, the sales in India saw growth. He said there was double-digit growth in both Mainland China and India. Apple India had a ₹9,997 crore in sales in 2015-16 which is a 56% increase from previous year’s ₹6,472 crore
Cook said that the middle class’ purchase ability has grown in countries like India. This has attracted many investors. Apple itself is ready to invest a lot in India he said.
Image by aixklusiv from Pixabay (Free for commercial use)
You may also like
Image Reference: https://pixabay.com/photos/iphone-iphone-11-iphone-11-pro-max-4507288/
Recent Posts
- Unlocking the power of vitamin D for healthVitamin D plays a critical role in our body's ability to absorb calcium.
- The top 10 economies of 2024India, ranking fifth with a GDP of $4,112 billion, showcases rapid economic growth.
- A journey through time: Kozhikode’s personal election museumVikas treasures an antique ballot box once belonging to his grandfather, a dedicated Congress party worker.
- Unlocking the power of vitamin D for health
What’s new at WeRIndia.com
News from 700+ sources
-
IPL 2024: Ishan Kishan Fined 10% Of Match Fee For Breach Of Article 2.2 Of IPL Code
-
PAK vs NZ: Babar Azam sets T20I world record
-
2024 polls an opportunity to teach divisive forces a lesson: Yogi
-
Better lighting, garbage clearance sought at North Avenue inKesavaperumal Puram
-
POLYCET-2024 exam conducted peacefully across Andhra Pradesh
-
George Bartlett makes his mark before bad light frustrates Northants
-
WeRIndia – A News Aggregator
Visit werindia.com for all types of National | Business | World | Politics | Entertainment | Health related news and much more..
Leave a Reply