Jim Cramer says the new iPhone X from Apple (AAPL) should be a big success even with its $999 price tag.

"It's going to have a lot more [features] than people say," Cramer said during an exclusive monthly conference call with members of Action Alerts PLUS, his club for investors. "The main thing you have to understand is that we don't know all the power that it has, but younger people do. They know they can do a lot with this."

Cramer said the new model's improved battery and other features should boost sales. "I think the battery life really matters. I think the quality matters and I think who's going to write [apps] for it matters," he said.

"I have the iPhone 7 and I'm going to upgrade," the stockpicker added. "I'm also going to get the new watch, by the way -- well, at least I hope if I my wife's watching, she'll buy it for me."

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