Is Apple's Antitrust Suit A Gift For Loyalists? Jim Cramer Reminds Investors How DOJ Created 'Gigantic Buying Opportunity' Going After Microsoft 25 Years Ago
Portfolio Pulse from Shanthi Rexaline
Apple, Inc. (AAPL) is under antitrust scrutiny for practices that could lock customers into iPhones and hinder competitors. Despite the stock's recent underperformance, Jim Cramer and Gene Munster defend Apple, comparing the situation to Microsoft's antitrust case 25 years ago, which they argue created a buying opportunity. Cramer criticizes sellers for acting out of fear, while Munster views the DOJ probe as 'noise' and believes Apple will continue to deliver value.
March 22, 2024 | 10:44 am
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Apple, Inc. is under antitrust scrutiny, which has led to a recent underperformance in its stock. However, experts like Jim Cramer and Gene Munster suggest this could be a buying opportunity, comparing it to Microsoft's situation 25 years ago.
The comparison to Microsoft's antitrust case suggests that such legal challenges can ultimately result in a strong buying opportunity for investors. Despite the short-term underperformance and negative sentiment, the belief in Apple's long-term value and innovation could drive the stock price up.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100