Ahead of Apple (AAPL) earnings Tuesday, we're rewinding to when Jim Cramer considering picking from another tree. 

In the July Action Alerts PLUS members' call, a member noted that Apple was at the Actions Alert price target.

So is it time to sell?  

Cramer actually thinks the stock still is inexpensive at $188 and also thinks that "that people continually misread the service revenue stream. I think that there will absolutely be another leg up as Apple reconfigures the App Store and drives you more to Apple apps, which is gonna be really lucrative for them. So with that revenue stream that is much less episodic." 

But, he admits, he was upset that they didn't buy Netflix (NFLX) .

 

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