His comments came after the release of Apple's quarterly earnings results, where the company slightly beat Wall Street expectations. Apple sold 45.5 million iPhones in the quarter — analysts had expected sales of 44.8 million iPhones.
The company stands to benefit from potential customer defections from Samsung's Note 7 phone, which the company recalled after reports that the device was exploding, likely due to a defective battery.
The iPhone maker reported earnings per share of $1.67 per share, just above the $1.66 expected by a Thomson Reuters consensus estimate. Revenues came in at $46.90 billion, just shy of the $46.94 billion expected.
With reporting from CNBC's Josh Lipton and Anita Balakrishnan.