No saturation in iPhone sales; India to drive growth: Tim Cook

Apple said it set a new sales record in India for the six month period that ended March

Alongside posting highest ever earnings of $61 billion, up 16 per cent year-on-year in the March quarter, Tim Cook, CEO of the world’s largest company Apple, said that he wasn’t of the view that the global smartphone market, especially the market for the iPhone, had hit saturation.

Cook cited the example of India, the third largest smartphone market in the world, where Apple is still a small player in terms of market share. He continued his chime that as more people enter into the middle class in the country, sales of the iPhone would go up here, similar to what