Jim Cramer Says "Apple Might Be Hurt By Higher Memory Prices From Micron"

Apple Inc. (NASDAQ:AAPL) is one of the tech and consumer sector stocks that Jim Cramer talked about. Cramer mentioned the company during the stock, as he said:

“Apple might be hurt by higher memory prices from Micron, as we heard just last night… but a wealthier consumer may also buy more phones.”

Apple Inc. (NASDAQ:AAPL) manufactures and sells devices such as the iPhone, Mac, iPad, along with its line-up of wearables and accessories. The devices are supported by the company’s app ecosystem, AppleCare, and cloud tools. Cramer called it a “buyback monster” during the December 17 episode, as he remarked:

“Second, don’t forget that Apple, the second-largest company in the world, also happens to be a buyback monster, having shrunk its share count by 33.7% since the end of 2015. The stock’s up 933% over that same period. I always say own Apple, don’t trade it, so tonight, I just want to point out that this is a $4 trillion company that still managed to repurchase more than a third of its shares over the past decade.”

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