BIG BELIEVER IN INDIA, WEAK CURRENCY JUST SPEED BUMP: TIM COOK

NEW DELHI — Admitting that his business in India was flat in the fiscal fourth quarter and weak currency trends worry him although these are just “speed bumps”, Apple CEO Tim Cook reiterated that he is a big believer in the country and can’t wait for the future there.

“The emerging markets that we’re seeing pressure in are markets like Turkey, India, Brazil, Russia. These are markets where currencies have weakened over the recent period.

“To give you a perspective in some detail, our business in India in Q4 was flat. Obviously, we would like to see that be a huge growth,” Cook said.

Cook noted that the currency weakness has been part of their challenge in India.

“But I view these as speed bumps along a very long journey, though. And the long term I think is very, very strong there,” said the Apple CEO.

Cook said he has had really great productive discussions with the Indian government.