Jim Cramer Notes Apple Averages 13% Gain a Year

Apple Inc. (NASDAQ:AAPL) is one of the stocks Jim Cramer shared insights on. Cramer called the stock a buy along with Amazon, as he commented:

“More important, when I survey today’s landscape, I am struck by the vicious declines in some classic growth stocks. And look, and I’m not just talking about Amazon or Apple, both of which I think are buys, with the latter having introduced a new iPhone model. Apple… usually, it sells off on these announcements like it did this time. But if you bought the stock right after the last five iPhone iterations rolled out, guess what? You are up an average of 13% just 12 months later. That’s… nice timeframe.”

Apple Inc. (NASDAQ:AAPL) produces smartphones, computers, tablets, wearables, and accessories while providing cloud services, AppleCare, and digital content through the App Store. The company’s offerings also include subscription platforms, financial services, and payment solutions such as Apple Music, Apple TV+, Apple Arcade, Apple Card, and Apple Pay.

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