Jim Cramer: JP Morgan's Apple Call Is Revisionist History

JP Morgan's analyst call on Apple's (AAPL) - Get Report iPhone 7 success is "revisionist history" because it was only a few weeks ago when the sentiment was overwhelmingly negative, said TheStreet's Jim Cramer. JPMorgan analyst Rod Hall stated that the recent surge in Apple's shares due to iPhone 7 sales optimism is "premature" as unsustainable promotions are lifting demand for the device. Hall reiterated his Apple overweight rating, and is sticking with the price target of $107 for the shares that he set in July.