“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
[protected-iframe id=”9b043a5a679076999bbedaad19526f8f-5450697-130806395″ info=”https://player.cnbc.com/p/gZWlPC/cnbc_global?playertype=synd&byGuid=7000033927&size=530_298″ width=”530″ height=”298″]
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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