Jim Cramer Reveals Why Apple (AAPL) Stock is Struggling

We recently published 14 Stocks Jim Cramer Talked About.  Apple Inc. (NASDAQ:AAPL) is one of the stocks Jim Cramer talked about.

Even though Apple Inc. (NASDAQ:AAPL)’s shares have remained muted, Cramer has continued to defend the stock. The shares are down by 8.3% year-to-date. UBS recently discussed the stock as it kept a Neutral rating and a $280 share price target. The investment bank pointed out that Apple Inc. (NASDAQ:AAPL) could benefit from iPhone strength as it heads into its upcoming earnings. UBS added that it expects iPhone sell-through for December to sit between 84.5 million to 85 million units to mark as much as a 13% annual growth. Goldman Sachs reiterated an Outperform rating and a $330 share price target. The bank commented that Apple Inc. (NASDAQ:AAPL) continues to benefit from strong consumer demand, particularly for the iPhone. As for Cramer, he continues to believe that the firm’s Services business is performing well. The CNBC TV host holds the opinion that it is better to own rather than trade Apple Inc. (NASDAQ:AAPL)’s shares. In this appearance, he linked the share price weakness with cost control:

Jim Cramer Reveals Why Apple (AAPL) Stock is Struggling

“Now Apple’s been going down, because Apple’s perceived to be, somebody has to eat the margin.”

While we acknowledge the risk and potential of AAPL as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than AAPL and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

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