Jim Cramer Recently Discussed These 15 Stocks & The California Wildfires

3. Apple Inc. (NASDAQ:AAPL)

Number of Hedge Fund Holders In Q3 2024: 158

Apple Inc. (NASDAQ:AAPL) is a consumer electronics giant that earns billions of dollars through its iconic iPhone. The smartphone is also a central part of its hypothesis as half of Apple Inc. (NASDAQ:AAPL)’s revenue comes from it. The firm’s reliance on the iPhone and its closed ecosystem came under fire from Meta CEO Mark Zuckerberg’s recent appearance on the Joe Rogan Experience podcast. Zuckerberg said that Apple Inc. (NASDAQ:AAPL) hadn’t innovated since the death of its iconic founder Steve Jobs. Cramer took aim at these and other comments made by Zuckerberg:

“[On Zuckerberg saying Apple hasn’t done anything since the iPhone] I. . [laughs hysterically] don’t know what to say. I mean, David, look, I don’t want to make it too central an issue because it was a love fest, a libertarian love fest, uh but David the one thing [that] is absolutely certain was that if you really want to say the most horrible things about Apple, you say first of all that nothing’s been done since Jobs, two that they lock out everything, three that they make every single innovation, hold it.

“But the one thing I would point out, what’s really positive, is when you listen to chief justice Roberts last week on this TikTok ban, he was just so critical of the TikTok side that I want to go with the idea that Google’s YouTube and Meta for Reels, they are the winners. I think that TikTok is going to be stopped. You won’t be able to get the updated version. It’s really something rather amazing. I don’t think that many people saw it, it’s going to happen sooner than expected.

“It was such an unfair interview. . . .I still, I’m sticking by Apple as are . . . one billion users. . . But it was hurtful, and I think when you say stuff like nothing’s been done since Steve Jobs died, I think that’s an ill-advised strategy to take I think.”