This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
$1 buys you full access to ALL of TheStreet's Subscription Services! Learn More

Cramer: People Don't Like Apple Right Now

Stocks in this article: AAPLNOKWMT

NEW YORK ( TheStreet -- Debra Borchardt: All the world needs is a cheaper iPhone, right, Jim? That's what we're hearing, is that Apple (AAPL)is now talking about a cheaper iPhone. Don't we have enough iPhones?

Jim Cramer: Apple's cursed right now. I was joking this morning with Squawk on the Street, they can announce a better than expected earnings, double the dividend, big buyback, split one to ten. And it doesn't matter what they do. People don't like Apple right now. It's over-owned. That said, this is a Nokia (NOK)-killer. Nokia's owned that market. By the way, Intel's (INTC)trying to be in that market in the white-label low-end phone. You want to offer something to China? You need an inexpensive phone. You want to blunt Samsung (SSNLF)? You get a better system that works with European telcos, and you have an inexpensive phone. You want to cover the Waterfront? You want to own every single market, and Apple has to do this. Once again, this is not the "Oh whim-Jim looking for the thing from Apple that just dazzles."

I have a mini iPad, I really like it, but it's not enough to be able to do the trick. Apple, in order to get out of the funk, it has to break down technically, it has to get rid of all the people who don't understand that Apple is no longer going to be able to grow 30, 40 percent, and then when it introduces something like a low-end phone, we want to buy it, instead of just thinking, "Well, time to sell Nokia back, too."

Debra Borchardt: Don't you also feel that Apple has too many products on the market right now? It used to be that Apple only had a small number of products. That made them unique and special. You go into Wal-Mart (WMT)now, there's Nanos, there's Shuffles. It's so many things that they just don't even need anymore.

Jim Cramer: That's a good point.

Debra Borchardt:

And no one's buying it. It seems like if they culled their product line down, it makes them special again. And it feels like a cheap iPhone is not special.

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,810.06 +91.06 0.51%
S&P 500 2,063.50 +10.75 0.52%
NASDAQ 4,712.97 +11.1030 0.24%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs