Cramer 'Glad' Apple Has Higher Price Point For Vision Pro As Headset Becomes Hit With Fortune 100 Companies: 'Never A Bust.. Will Be Bigger'
Portfolio Pulse from Shanthi Rexaline
Jim Cramer praised Apple's Vision Pro, highlighting its success with Fortune 100 companies and potential in B-to-B markets. Despite its high price and initial consumer market challenges, the product has seen enthusiasm from enterprises, with over half of the Fortune 100 companies purchasing units. Apple CEO Tim Cook and Nvidia CEO Jensen Huang have both expressed optimism about the product's capabilities. However, analysts note challenges in consumer adoption and a reduction in shipment forecasts for 2024.
May 03, 2024 | 1:59 am
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POSITIVE IMPACT
Apple's Vision Pro is gaining traction in the B-to-B sector, particularly with Fortune 100 companies, despite facing consumer adoption challenges.
The positive feedback from Jim Cramer and the reported enthusiasm from Fortune 100 companies suggest a strong B-to-B market potential for Apple's Vision Pro. Despite the noted consumer market challenges and reduced shipment forecasts, the product's success in the enterprise sector and after-hours stock price increase indicate a positive short-term impact on AAPL's stock.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 90