Narendra Modi praised by Tim Cook
There is no doubt that Prime Minister Narendra Modi enjoys a great fan following all over the world. He is one of the most influential leaders in the world. Recently, Apple’s CEO Tim Cook praised Prime Minister Narendra Modi for his demonetisation move. Isn’t it great?
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Modi faced a lot of criticism in India for his move but Tim Cook feels his decision was best option for the country. The demonetisation drive undertaken by the Indian government is a “great move” in the longer term, Apple chief executive officer Tim Cook said as he emphasised the company’s strong intention to “invest significantly” in the country.
Tim 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. His words clearly shows his investment interest in the India.
What all he said?
When Tim Cook was asked about the company’s performance in India during its fiscal first quarter 2017. He was quoted saying, “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, 56, said the impact of demonetisation has not worked its way through yet and it is “still definitely having some overhang. But I think in the longer term, it’s a great move, and I feel really good about how we’re doing there. 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.”
Cook described India as a “great” market, and added that Apple will make significant investments in the country going forward.
Demonetisation was a hottest topic India since the Prime Minister announced his decision.