Trillion-dollar Apple: Cramer’s 10 reasons it matters (video)

By Steven M. Peters Updated Jan 11, 7:51PM EST · Published Aug 6, 9:25AM EDT

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“Does Apple’s epic valuation really matter? Actually, yes. You bet it does.” —Jim Cramer

Cramer’s 10 reasons, from Thursday’s Mad Money:

The stock is relatively inexpensive
Service revenue is steady and growing
Apple’s customers are super loyal
More potential customers
Ongoing buybacks
Management cares more about product than stock
Triumph over skepticism
Law of large numbers was wrong
A trillion ain’t what it used to be
More companies are going to join the club

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Cramer: 10 reasons why Apple hitting $1 trillion matters for the stock market from CNBC.

My take: Video worth watching. Jim (“Own Apple, don’t trade Apple”) Cramer has earned the right to crow.

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