Jim Cramer Says Apple Stock Short-Term Prospects Is 'Not A Table Pounder'
Portfolio Pulse from Benzinga Neuro
Jim Cramer expressed skepticism about Apple Inc's (AAPL) short-term prospects due to ongoing turbulence in its China market, particularly after a 24% drop in iPhone sales in the first six weeks of 2024. He advised waiting for a significant price drop before rebuilding a position in AAPL. Contrarily, analyst Gene Munster is optimistic about Apple's AI potential, predicting a significant earnings impact and a $33 billion annual opportunity.
March 05, 2024 | 1:58 pm
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Jim Cramer's skepticism about Apple's short-term prospects, especially in China, contrasts with Gene Munster's optimism about Apple's AI potential.
The mixed views from analysts, with Cramer's caution due to recent sales drop in China and Munster's optimism about AI, create uncertainty. This could lead to short-term volatility in AAPL's stock price as investors digest these contrasting perspectives.
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