Apple CEO Tim Cook said despite the demonetisation exercise, US-based iPhone maker performed well in India in the first quarter of fiscal year 2017. 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. Describing India as a “great” market, Cook said Apple will make significant investments in the country going forward. Cook said Apple sold 5.4 million Macs and generated its highest-ever quarterly Mac revenue. Apple posted a quarterly revenue of $78.4 billion compared to revenue of $75.9 billion in the year-ago quarter.

Source: Mint February 01, 2017 07:47 UTC