Jim Cramer Says Court Ruling in Favor of Alphabet is "Also a Big Win for Apple"

Apple Inc. (NASDAQ:AAPL) is one of the stocks that Jim Cramer put under a microscope. Referring to the court’s recent ruling about Alphabet’s Google, Cramer said:

“… It’s also a big win for Apple, which got paid billions, perhaps more than 20 billion a year, to preload Google on their devices. Most wags thought for sure Apple would lose this source of revenue, and numbers would have to be cut immediately. It could get even better. We keep hearing, including from me, that Apple has to buy AI, perhaps a Perplexity, to be more… turnkey with Siri, but with this ruling, the tables can be turned.

Apple can make a deal with one of the AI bots for that bot to be the exclusive on Apple’s 2 billion devices. But get this, now that bot company, they’ll have to pay Apple because it’s legal. What a turnabout. Hey, maybe another 20 billion headed Apple’s way, maybe more. Those who sold Apple earlier because of a minor story of a departure of another AI researcher ultimately missed the big picture. This is how you don’t become a millionaire, reacting to those kinds of stories. Don’t be silly. There’s a takeaway for you.”

Apple Inc. (NASDAQ:AAPL) designs and sells smartphones, computers, tablets, wearables, and accessories, in addition to a suite of digital platforms and subscription services.

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