Trillion-dollar Apple: Cramer’s 10 reasons it matters (video)
August 6, 2018 by Steven M. Peters
“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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