Bloomberg reported that Apple has asked suppliers to build as many as 90 million next-generation iPhones this year, a 20% increase from its 2020 iPhone shipment.
Cramer has been critical of the press treatment of Apple, which he argues has frequently unfairly punished the stock.
“Apple is famous for not allowing companies to talk about orders or business done with the company, something that makes it difficult to figure out how the company is doing, at least according to suppliers. But that doesn't stop the press from trying,” Cramer wrote in a recent column on Real Money.
Recap TheStreet Live: Everything Jim Cramer Is Watching 7/14