Jim Cramer Defends Apple After Negativity

Apple Inc. (NASDAQ:AAPL) is one of the stocks Jim Cramer talked about. Cramer mentioned the company during the episode and said:

“Or how about this one? Back in August, we heard that Apple would run outta growth and had nothing in the hopper. That was like a continuous loop of negativity every time you raise your head. If you were an Apple shareholder, a sharp shooter who wanted to sell a lot of paper shot you down. Here we are more than 30 points later and we know that Apple can receive a check from Alphabet to preloaded Google into their 2 billion devices, something that everyone thought would be scrapped by the judge who found Alphabet a monopolist. That’s more than $20 billion. What profit margin that is. Nope. In the craziest of torturous circular thinking, the judge ruled that Alphabet would have even, would have enough money to be even more of a monopolist if it didn’t pay Apple. God, what a terrible reasoning that is. Those noisy souls who believed in trading Apple and not owning it, they were never skewed though, skewered. They sold a lot of papers. Hopefully, they didn’t catch the 30 points the believers captured.”

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Apple Inc. (NASDAQ:AAPL) designs and sells smartphones, computers, tablets, wearables, and accessories, alongside services like iCloud, AppleCare, and the App Store. In addition, it provides subscription services including Apple Music, TV+, Arcade, Fitness+, and payment solutions like Apple Pay.

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