Apple Inc. (AAPL): “What Do We Pay For Apple?” Wonders Jim Cramer

We recently published 12 Stocks Jim Cramer Recently Talked About In His “Idea-Driven” Market. Apple Inc. (NASDAQ:AAPL) is one of the stocks Jim Cramer recently discussed.

Apple Inc. (NASDAQ:AAPL) has become a regular feature of Cramer’s morning show over the past couple of months. The firm’s disappointing share performance has caught the CNBC host’s attention. Apple Inc. (NASDAQ:AAPL)’s stock has lost 12.4% year-to-date as it struggles to recover from a 23% drop in April after President Trump’s Liberation Day tariff announcements. The firm’s manufacturing base in China has been a significant pain point as investors have continued to question the impact of tariffs on its income statement. Apple Inc. (NASDAQ:AAPL)’s stock has also struggled due to market perceptions of lacklustre AI initiatives and concerns about slowing iPhone sales. In his previous remarks, Cramer has defended the firm but dismissed its stock buyback as inadequate. He also wondered if Apple Inc. (NASDAQ:AAPL)’s P/E ratio is too high. The valuation continues to remain on his mind as he commented:

“Now the one that we have to watch is Apple. What do we pay for Apple?”

Previously, he discussed Apple Inc. (NASDAQ:AAPL)’s share P/E ratio and revenue:

“Apple, which cannot get out of its own way. And I think probably could go down to 25 times earnings. Which is a substantial decline. Apple’s a share donor. It’s a share donor.

“[On why he won’t sell despite talking about the negatives] The number product, I just went on Amazon . . .I really want to buy, I need more AirPods. . . I think what’s really important David, is they are a share donor to the other stocks I’m talking about. And it is because all they do is buy back stock. . .

Apple Inc. (AAPL): "What Do We Pay For Apple?" Wonders Jim Cramer

A wide view of an Apple store, showing the range of products the company offers.

“[On why Apple stock should be bought] No I’m not going to because I think the multiple’s too high.

“[On future prospects, past revenue growth] Well I think it’s time they articulated a strategy for Siri.”

“. . .they do need to have Siri on board. . .they gotta fix it, because right now, if they bought Perplexity, and I know that they are averse to buying companies, but Perplexity is my go to. I’m on Perplexity maybe 20 times a day.”

While we acknowledge the potential of AAPL as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

Disclosure: None. This article is originally published at Insider Monkey.