Jim Cramer on Apple: "I'm Expecting an Unexciting Quarter"

Apple Inc. (NASDAQ:AAPL) is one of the stocks in Jim Cramer’s game plan this week. Cramer mentioned that he is not expecting much from the upcoming quarterly results of the company. He remarked:

“After the close, Thursday, we have two more members of the Magnificent Seven when Apple and Amazon report. Now, both stocks have been going up steadily. They could be, well, look, it could be like Alphabet, which rallied consistently into the marvelous print, then kept going up. Apple, I’m not sure. While I say own it, don’t trade it, and I’m unwavering about that, I’m expecting an unexciting quarter and a slowdown in growth from services revenue stream. Not good.

I’m also worried about whether they can still receive 20 billion from Google in exchange for making it the default search provider, something a judge seems eager to put an end to. There’s something to be said about commenting on the decision by a lower court that said Google’s monopolist, which could really hurt Apple as well as litigation related to Epic, a video game company that’s fighting Apple’s current policy where they take a 30% cut of any transaction done within an app you download from their App Store. Epic wants to bypass that. I don’t know if that seems right.”

Apple (NASDAQ:AAPL) designs and sells consumer electronics, including smartphones, computers, tablets, and wearables, along with related accessories and support services.

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