Was Jim Cramer Right About Apple Inc. (AAPL)?

We recently published a list of Was Jim Cramer Right About These 9 Stocks?. In this article, we are going to take a look at where Apple Inc. (NASDAQ:AAPL) stands against other stocks that Jim Cramer discusses.

In that older episode, a caller brought up Apple Inc. (NASDAQ:AAPL) after news broke of strong year-over-year iPhone sales growth in China. Cramer noted the news was positive but emphasized that macroeconomic factors like rising interest rates were pressuring the broader market. He replied:

“Apple was up $2.30–$2.40 at 5:00 AM on this news and then it just proceeded to give up the ghost the whole day because the rest of the market was under a lot of pressure… I think Apple is a buy here. I want you to own it, I don’t want you to trade it.”

Cramer’s steady confidence was fair, with the stock up only +4.76%, this wasn’t one of his best calls.

Apple Inc. (NASDAQ:AAPL) is a global consumer electronics and software company best known for its iPhone, Mac computers, and services ecosystem including iCloud, Apple Music, and the App Store.

Discussing the company’s position regarding the recent trade tensions, he said the following on June 2:

“I don’t even want to think about what’s happened to Apple because it dared to move some iPhone manufacturing from China to India. Trump’s hitting those phones with a 25% tariff because he wants them to be made in the US. From Apple’s perspective, it’s probably cheaper just to pay the 25.”

Overall, AAPL ranks 2nd on our list of stocks that Jim Cramer discusses. While we acknowledge the potential of AAPL as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

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