It is no secret that a slowdown in China has affected Apple. But CEO Tim Cook said he made an error on the company's conference call by not discussing China's growing middle class.
"It was my error for not talking about it. I could not be more optimistic about China. I think the long-term thesis is intact," Cook said. (Tweet This)
In an interview with CNBC's Jim Cramer on Monday, Cook noted that the expansion of middle class occurring in China is unlike anything that has ever occurred in the history of the world, thus he remains optimistic in that region.