Jim Cramer -- Pokémon Go Won't Have That Much Impact on Apple

One analyst note thinks Apple can garner up to $3 billion in revenue over the next 12 to 24 months from the game. Cramer disagrees.
By Bret Kenwell ,

Shares of Apple (AAPL) - Get Report are slightly higher Wednesday because of a recent research report, said TheStreet's Jim Cramer, co-manager of the Action Alerts PLUS portfolio.

Needham analysts think Apple could see up to $3 billion in additional revenue over the next 12 to 24 months thanks to Pokemon Go, he explained on CNBC's "Stop Trading" segment.

"I've been a big fan of Apple," Cramer said of the Action Alerts PLUS portfolio holding, but he doesn't agree with the report.

"This is the kind of story I don't really like," Cramer said about the stock he believes should be held and not traded. He doesn't think Apple will be able to make quite that much from the augmented reality gaming app.

But that's what's pushing the stock higher on Wednesday, he said. Apple is scheduled to report earnings on July 26. Shares are down 5% on the year so far.

At the time of publication, Cramer's Action Alerts PLUS had a long position in AAPL. 

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