'Is Apple Clever?:' Jim Cramer Asks If iPhone-Maker's Receipts For Service Payments Are Timed So People Ignore Them
Portfolio Pulse from Rounak Jain
Jim Cramer criticized Apple Inc. (NASDAQ:AAPL) for sending receipts for subscription services at odd hours, such as 3:50 a.m., suggesting it could lead to customers overlooking these emails. This critique comes amid broader scrutiny of Apple's services business, which faces potential legal and regulatory challenges. Apple's billing practices have been questioned by users, with some reporting being charged for subscriptions without receiving bills and difficulties in canceling subscriptions. Additionally, Apple is under investigation by the European Union for potential antitrust violations, alongside Meta Platforms Inc. and Alphabet Inc.'s Google.
April 09, 2024 | 11:42 am
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Jim Cramer's critique of Apple's billing practices, combined with the broader scrutiny of its services business and potential legal and regulatory challenges, could impact investor sentiment and Apple's stock in the short term.
The critique from a high-profile figure like Jim Cramer, especially when combined with existing concerns about Apple's services business and potential legal and regulatory challenges, could lead to negative investor sentiment. This sentiment, in turn, might result in short-term pressure on Apple's stock price. However, the long-term impact will depend on the outcomes of the legal and regulatory issues and Apple's response to the billing practices criticism.
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IMPORTANCE 75
RELEVANCE 90