Jim Cramer on Apple: "It Goes to $300 if They Talk About Accelerating Growth Right Around the World"

Apple Inc. (NASDAQ:AAPL) is one of the stocks Jim Cramer recently provided insights on.

“Finally, there’s Apple. I care about the reception of the iPhone 17. If they say it’s terrific in each major country, that’s a home run. If they see an acceleration in China and the US, the stock takes out much, much more than its high. If they talk about an acceleration in service revenue, the stock rallies some more. Let’s see. I’ll tell you exactly what’s going to happen here. The stock went out today at the high…

This stock goes to $280 if it says what I just said. It goes to $300 if they talk about accelerating growth right around the world. Now, what I’m really hoping to hear, and this is the secret to $300, many of the hyperscalers want to pay Apple to become their default AI system, not unlike the deal Apple has with Google, where Google pays them more than $20 billion to be the preferred search system.

Except this time, I’m expecting the winning bidder to pay a lot more than $20 billion. It would be incredible to hear about an auction to become the AI provider. Apple doesn’t have to pay any money, and they get it all. Gross margins would be extraordinary. We might even be willing to overlook sales in Shanghai.”

Apple Inc. (NASDAQ:AAPL) sells smartphones, computers, tablets, and wearables under its main product lines, including iPhone, Mac, iPad, and Apple Watch. Moreover, the company provides cloud, support, and subscription services such as Apple Music, Apple TV+, and Apple Pay.

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