Tim Cook, the CEO of Apple still sees the China market as a great potential even though the revenue for the first quarter of the company in the country. When giving an interview on the Mad Money Program, CNBC’s Jim Cramer was told by Cook that the expectations to boom in the Middle Class of China is by growing from 50 million people 5 years back to 500 million people in the upcoming 5 years. Cook went on to say that the growth of the middle class is unprecedented and he even stated that he was very optimistic when it came to the Chinese Market.

Cremer had questioned Cook about various aspects, in one of the questions; Tim stated that it was a mistake on his part that the figures were not mentioned about the middle class Chinese during the recent earnings call of the company. Last month, it was reported by the company that the worldwide sales of smartphone’s fell to 51.2 million units which was a fall of 16%. Even the YOY sales saw a decline of 26% in the revenue.

The message that Cook had given CNBC was that the company was doing fine even though the overall profit and revenue had fallen down since the last year, even though there were some analysts and investors who expressed their reservation about the company’s outlook. Presently there is a lot of pressure that is being mounted on the company as well as the iPhone fatigue is being faced by the company pertaining to the innovation of the design, Neil Mawston, the research firm Strategy Analytic’s executive director had stated recently by quoting the above mentioned in the form of an example. It is also believe that Apple in a lot of ways has become a victim of the success the company has had with the iPhone 6 that was launched last year.