Jim Cramer Says Customers Can Buy 60-Inch TV At Walmart For $289 Than Apple Vision Pro: 'Don't Think People Have $4,000 Sitting Around'
Portfolio Pulse from Rounak Jain
Jim Cramer expressed skepticism about the mass market appeal of Apple Inc.'s new Apple Vision Pro due to its high price point, starting at $3,499. He compared it to a much cheaper 60-inch TV available at Walmart for $289, suggesting that the cost of the Vision Pro is prohibitive for many consumers. Cramer also mentioned that popular apps like Netflix, Spotify, and YouTube are not available on the Vision Pro, although he predicts YouTube will eventually be accessible. Apple is making a significant sales push for the product, including a behind-the-scenes video by CEO Tim Cook.
January 20, 2024 | 9:08 am
News sentiment analysis
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NEGATIVE IMPACT
Jim Cramer's comments on the high price of Apple's Vision Pro could influence consumer perception and potentially impact sales, which may affect AAPL's stock in the short term.
Cramer's opinion, given his influence, could lead to a negative consumer sentiment regarding the affordability of Apple's new product, potentially affecting short-term sales and investor confidence.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90
NEUTRAL IMPACT
Netflix is mentioned as one of the popular apps not currently available on Apple's Vision Pro, which could limit the device's appeal and indirectly affect NFLX if the platform decides to integrate.
While the absence of Netflix on the Vision Pro is noted, the direct impact on NFLX stock is uncertain and would depend on future decisions regarding app integration.
CONFIDENCE 70
IMPORTANCE 40
RELEVANCE 50
NEUTRAL IMPACT
Spotify not being available on the Vision Pro may have a neutral short-term impact on SPOT, but it's a situation to monitor for potential future developments.
The current lack of Spotify on the Vision Pro is unlikely to have an immediate impact on SPOT stock, but it could become relevant if integration occurs later.
CONFIDENCE 70
IMPORTANCE 40
RELEVANCE 50
POSITIVE IMPACT
Google's YouTube is not on the Vision Pro yet, but Cramer predicts it will be, which could have a positive impact on GOOG if this leads to increased user engagement.
Cramer's prediction of YouTube eventually being on the Vision Pro could be positive for GOOG if it materializes, as it may drive user engagement and ad revenue.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 60
POSITIVE IMPACT
Alphabet's YouTube might join Apple Vision Pro according to Cramer, which could positively impact GOOGL if it leads to more user engagement and ad revenue.
The potential addition of YouTube to the Vision Pro could be seen as a positive development for GOOGL, similar to GOOG, due to the possibility of increased user engagement.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 60