Cramer vs. Nikkei (video)
November 5, 2018 by Steven M. Peters
“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:
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Apple will have a buyback and buy every share they can , says Jim Cramer from CNBC.
My take. Yup.
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