Within weeks of the Narendra Modi government rejecting Apple Inc’s demand for Customs duty concessions for its suppliers who could look at manufacturing in the country, Cupertino-based tech major has pinned its hope on India even as global sale of iPhones dipped. At the analyst call after the second quarter earnings early Wednesday (India time), Chief Executive Tim Cook said, “We’re very optimistic about our future in this remarkable country with its very large, young, and tech-savvy population, fast-growing economy, and improving 4G network Infrastructure .

Within weeks of the Narendra Modi government rejecting Apple Inc’s demand for Customs duty concessions for its suppliers who could look at manufacturing in the country, Cupertino-based tech major has pinned its hope on India even as global sale of iPhones dipped. At the analyst call after the second quarter earnings early Wednesday (India time), Chief Executive Tim Cook said, “We’re very optimistic about our future in this remarkable country with its very large, young, and tech-savvy population, fast-growing economy, and improving 4G network Infrastructure .