Investors will soon look past the EU's ruling on Apple (AAPL) and focus instead on the iPhone 7 launch, Jim Cramer says.
Other U.S. multinationals could also face hefty back-tax bills.
The big decision by the European Commission to demand billions in back taxes from Apple appears to have been greeted by analysts with a collective shrug.
Apple was ordered to pay $14.5 billion in back taxes dating back to 2003. Jim Cramer is sticking with the stock.