Cramer Says Apple Shorts 'Simply Don't Understand' Power Of Stock As Pre-iPhone 15 Launch Rally Begins: 'Will Not Be Able To Get Back In'
Portfolio Pulse from Shanthi Rexaline
Apple Inc.'s shares have seen a rebound this year, with a rally prompted by the announcement of the iPhone 15 launch date and hopes of rate cuts. CNBC Mad Money host Jim Cramer noted that the increase in Apple's stock value signifies the company's influence beyond being a handset manufacturer. He also addressed concerns about the iPhone's pricing, suggesting that users may not fully understand the value of the newer models. Deepwater Asset Management's Managing Partner Gene Munster also views Apple's scope as transcending hardware, driven by optimism around Apple's active device installation base.
August 31, 2023 | 7:24 am
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Apple's stock has rallied ahead of the iPhone 15 launch, with analysts highlighting the company's influence beyond being a handset manufacturer. This could potentially lead to further growth in the company's stock.
The announcement of the iPhone 15 launch date has led to a rally in Apple's stock. Additionally, the recognition of Apple's influence beyond being a handset manufacturer by analysts like Jim Cramer and Gene Munster could potentially lead to further growth in the company's stock. The company's active device installation base also indicates ongoing growth, positioning Apple for further ecosystem expansion.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100