Jim Cramer Recently Discussed These 17 Stocks And Chinese Hackers

2. Apple Inc. (NASDAQ:AAPL)

Number of Hedge Fund Holders In Q3 2024: 158

Apple Inc. (NASDAQ:AAPL) is the most valuable consumer electronics firm in the world. It has been a regular feature in Cramer’s recent shows. The CNBC host believes that the iPhone’s sales play an unnecessarily large role in Apple Inc. (NASDAQ:AAPL)’s hypothesis. The stock is vulnerable to any reports of an iPhone downturn as the smartphone accounts for more than half of Apple Inc. (NASDAQ:AAPL)’s revenue. Cramer has also dismissed Mark Zuckerberg’s criticism of innovation ending at the firm since Steve Jobs’ death. This time around, he commented on the impact of the Chinese economy on Apple Inc. (NASDAQ:AAPL):

“Well I mean look, people are trying to justify like Evercore comes out and says listen we got the stronger for longer iPhone cycle. Uh, yeah that’s true but the decline I think had a lot to do with the fact that the stock had this spurt, at the end of the year that seemed really. I mean what was that about? I mean NVIDIA had somewhat of a similar one and both stocks have just been laggards since the year began. And it’s just a lot of controversy, a lot of belief that the stocks have gotten overvalued. I say, own them, don’t trade them. But, I don’t think Apple’s going to have a good quarter. Who does think Apple’s going to have a good quarter? I mean that’s the thing when you read these pieces of research, Sarah, they’re all saying you know what Apple could surprise to the downside. Well, if everyone says that Apple’s going to surprise to the downside then what kind of surprise is it? It’s a surprising non-surprise.”

“This is cell phone, Sarah. Well, because, cell phone, not a good sector. It’s just not. It’s a no growth sector. But that can change. And don’t forget there’s so many other revenue streams. That service revenue stream from Apple is so terrific. I mean I love paying for something at 3 am that I didn’t know I paid.”

“Well look if the GDP number [for China] were real as opposed to what I think which is doctored, you would believe that Apple is doing well. Apple wildcard to the downside. It’s kind of a two of clubs.”