Investors could be undervaluing Apple's (AAPL) recurring services revenue, explains TheStreet's founder and Action Alerts PLUS Portfolio Manager Jim Cramer.

At a mere 13.9 times forward earnings, the market could also be overlooking a future where Apple is a major player in cars. 

As TheStreet's tech columnist Eric Jhonsa points out, the mere fact CEO Tim Cook talked about autonomous cars recently is a hint Apple wants to get big into the space.

Apple is a holding in Jim Cramer's Action Alerts PLUS Charitable Trust Portfolio. Want to be alerted before Cramer buys or sells AAPL? Learn more now.

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Worried about how to pay for your golden years? Ken Fisher, founder of Fisher Investments, and TheStreet's Jim Cramer will tell you what you need to know in a June 21 webinar on the market trends that are shaping retirement planning today. Register here for the event, which starts at 11 a.m. ET.

Editor's Pick: Originally published Jun. 15.

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