Reception from analysts and tech watchers alike was lukewarm as upgrades mostly focused on chip speed, camera accessories and screen sizes, TheStreet's Martin Baccardax reported.
In an interview with TheStreet Live ahead of the reveal Tuesday, Cramer warned that like the rest of market, Apple stock faces a rocky September and investors should proceed with caution.
In the video above, Jim Cramer explained the critical factor investors and analysts are missing when it comes to the latest generation of the iPhone.
Recap TheStreet Live: Everything Jim Cramer Is Watching 9/15/21
Apple is a holding in Jim Cramer's Action Alerts PLUS charitable portfolio.