Jim Cramer on Apple: I’m Betting With Tim Cook Not Against Him
Jim Cramer says lot of people think Apple is just a device company but the problem with that is that investors are ignoring the service stream.
TheStreet's Action Alerts PLUS Portfolio Manager Jim Cramer said a lot of people think Apple is just a device company but the problem with that is that these devices also lead to a very lucrative service stream. It's the fastest growing revenue stream and it has really big margins. Wall Street is convinced this is just a device company. Cramer believes that investors who think this is just a device company, should get out of the stock. If it were just a one product company the stock would go to $58 or $60. But Cramer totally disagrees and thinks the revenue stream for services is going to be very big.
At the time of publication, Jim Cramer's charitable trust Action Alerts PLUS held no positions in stocks mentioned.
