Jim Cramer on Why the Huawei Lawsuit Matters for Apple

The Huawei lawsuit may do more than impact the trade negotiations. Jim Cramer thinks it may impact Apple, too.
Publish date:

Apple is Real Money's Stock of the Dayas global iPhone sales figures have investors wondering if the stock is rotten to the core. International Data Corporation figures show sales fell by an annual rate of 19.9% over the final quarter of 2018, clipping its market share to around 11.5% from 11.8% as Huawei's grip on the China market grows stronger.

Real Money reporter Kevin Curran reported on Huawei's impact on Apple (AAPL) - Get Report .

Curran wrote:

Apple's revenue from China dropped from around 18% of total revenues to around 11.4% over the course of 2018 as the trade war intensified, according to Statista. That is a far cry from the first quarter of 2015, when the market surpassed Europe as a revenue driver for the company and was latched onto as a thesis for long term growth.

Related: Shares of Apple Are Likely to Rally Despite the 'Old News' Headline

Cramer weighs in on the impact this could have on Apple.

Watch Jim Cramer's Daily NYSE Show and Replays Below