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:

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

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