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Jim Cramer: Apple Is Picking Up Samsung Switchers

Apple is doing a magnificent job of getting consumers to switch over from Samsung, says Jim Cramer.
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Apple (AAPL) - Get Report is doing a magnificent job of getting consumers to switch over from Samsung, says TheStreet's Jim Cramer. The iPhone maker will reveal its fourth-quarter earnings after the closing bell. For the fiscal year 2016, analysts anticipate that Apple will report $215.67 billion in annual revenue, down from $233.72 billion it reported the previous year. The last time Apple experienced an annual decline in revenue was in 2001 when the company reported $5.36 billion in revenue, down from $7.98 billion in revenue in 2000. Apple then released the iPod at the end of 2001 and shot up from there.

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