“Isn’t this convenient.” —Jim Cramer reacting to Nikkei Asian Review’s iPhone XR report.
It’s really interesting, how its’s so well timed, isn’t it?
[Apple] just reported, and they said they’re not going to break down any phones [unit sales] and then this report surfaces and says, “hey, they’re holding off [production expansion].” Now you’re supposed to say “Aha! I know why they’re not telling you this.”
This is complete nonsense.
I’m not saying the stock is going to go up. I say the stock is going to go down.
I’m saying the company has a buyback and it’s going to buy back every share. Every share it can.
Que the video:
[protected-iframe id=”5b1ced0eedae62217211dc2db5fbdfdd-5450697-130806395″ info=”https://player.cnbc.com/p/gZWlPC/cnbc_global?playertype=synd&byGuid=7000049311&size=530_298″ width=”530″ height=”298″]
Apple will have a buyback and buy every share they can , says Jim Cramer from CNBC.
My take. Yup.
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