Jim Cramer on Apple: "I'm Not Concerned"

Apple Inc. (NASDAQ:AAPL) is one of the Magnificent Seven stocks Jim Cramer commented on. Cramer shared a quite positive sentiment around the company and said:

“Next, Apple had a tremendous report, better growth than anyone expected. Those who were worried about a slowdown, the service revenue stream got their heads handed to them. Cash continues to build. After speaking to Tim Cook before the quarterly report, I got the impression that some good things were coming for AI and the perceived weakness.

Tariffs, oh, right now, Apple’s moved production for most US-bound iPhones to India. But if the tariffs on India really go through the roof because of buying Russian oil, they’ll just switch back to China. I’m not concerned. That’s right. I’m not concerned. They have the money to do a major acquisition in either or both financial and AI verticals, and I think they’re going to do it.”

Apple (NASDAQ:AAPL) designs and sells devices like iPhone, Mac, iPad, Apple Watch, and AirPods, along with software, cloud services, and the App Store. Moreover, the company offers subscription services including Apple Music, Apple TV+, Apple Pay, and AppleCare.

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