Jim Cramer on Apple's Downgrade: I Believe R&D Matters
Jim Cramer comments on Apple's downgrade by Oppenheimer analysts on Monday.
TheStreet's Action Alerts PLUS Portfolio Manager Jim Cramer comments Apple's (AAPL) - Get Report downgrade by Oppenheimer & Co. analysts on Monday. "I wanted [Apple] to buy Harman International (HAR) - I've wanted them to buy so many different things. Apple is spending a lot on R&D and I don't think that they are being idle," Cramer said. Oppenheimer's downgrade suggested Apple may be lacking innovation over the next several years. Apple shares are up 6% since the start of the year. Cramer's charitable trust owns Apple.
