Jim Cramer on Apple: “Own it, Don’t Trade It”

Apple Inc. (NASDAQ:AAPL) is one of the stocks that Jim Cramer spoke about. During the episode Cramer discussed the company’s earnings and he commented:

“Now, we also heard from Apple, whose sales and earnings came in substantially better thanks to surprisingly strong iPhone sales. Even though Chinese business improved, people always want to write off, Apple’s a no-growth company, best days behind them. But they just put up 10% revenue growth. A reminder that this remains one of the greatest companies on earth. You know what I say? Own it, don’t trade it.”

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Apple (NASDAQ:AAPL) designs and sells smartphones, computers, tablets, wearables, and accessories. The company also provides cloud, support, and digital content services. Cramer mentioned the company in a June episode. He remarked:

“Apple’s pulling off something amazing, moving about 20% of their iPhone manufacturing to India, but the rest are still coming from China. Still, the White House doesn’t care. They want those phones made in America, so they’re threatening a 25% tariff on the ones from India… What a shame. Apple is a huge employer in China, and China’s a huge market for Apple, but the White House is making them leave, and they’re not even getting any credit for it.

If Trump wants leverage with China, he should be doing everything he can to make Apple move its manufacturing literally anywhere else and not tariff them… You have to play with the cards you’ve been dealt. And for decades, our government did everything it could to encourage outsourcing to China. They left us with a pretty lousy darn hand, both Republicans and Democrats. Between NVIDIA and Apple, Trump has a lot of leverage, but he doesn’t want to use it. Those two companies seem hostage to totally different agendas inside the White House.”

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