Jim Cramer Talked About These 16 Stocks

11. Apple Inc. (NASDAQ:AAPL)

Talking about companies like Apple Inc. (NASDAQ:AAPL) that have operations in China, Cramer said:

“Big Tech got a real boost, especially the ones that have been hectored by antitrust like Alphabet or Amazon or, or frankly even Apple and maybe even, we thought maybe Nvidia and Meta… if companies make goods in China like Apple, that could be tough because you know what, China and Trump, they are also like oil and water and if you do business there, it’s gonna hurt you here. However, it’s a popular time for Trump, okay, and a less popular time for China.”

Apple (NASDAQ:AAPL) is best known for its pioneering iPhone technology. As of 2023, its operations have expanded significantly, especially in China, where it has increasingly turned to local suppliers and manufacturers. In 2023, the company made a shift in its global supply chain strategy, increasing the number of suppliers based in China.

A Nikkei Asia analysis of the company’s official supplier list revealed that Chinese suppliers now form the largest group in its supply chain, a position they have held since 2020. The number of Chinese suppliers grew from 48 in 2022 to 52 in 2023, according to Nikkei Asia. Additionally, the company expanded its manufacturing and development facilities in China, increasing the number of such sites by 10, bringing the total to 286.

Tim Cook, Apple’s (NASDAQ:AAPL) CEO, has maintained a strong presence in China. According to Bloomberg, during a visit in 2024, Cook met with Jin Zhuanglong, China’s Minister of Industry and Information Technology, to discuss the company’s continued growth in the country.

According to a post on WeChat by the ministry, Cook emphasized that the company would keep increasing its investments in China and contribute to the high-quality development of the country’s supply chain. The discussion also touched on its involvement in areas like cloud services and secure data management, although specific details of those conversations were not disclosed.