Jim Cramer said that "Apple (AAPL - Get Report) is the cheapest FAANG."

"Wearables are a category that leads to revenue streams that are repeatable," Cramer said. 

Cramer broke down the new launch of Apple AirPods. 

TheStreet's Tony Owusu wrote about the AirPods and what investors should expect.

Apple launched the next generation of its popular AirPod wireless headphones on Wednesday morning, featuring 50% more talk time, hands-free Siri compatibility and the option of a wireless charging case.

AirPods have been a big success for the tech giant since their launch in 2016, with analysts estimating Apple will sell about 50 million of them this year. Apple does not break out sales of the devices.

The new devices were available to order on apple.com and the Apple Store app starting on Wednesday and will be available at Apple Stores next week. The second-generation AirPods with the standard charging case costs $159, the same price as the first-generation devices, while the AirPods with the wireless charging case option costs $199 (current AirPod owners will be able to buy the wireless charging case separately for $79). The latest AirPods will also feature the ability to call up Siri using just voice, rather than having to tap one of the pods.

Related. Apple Is on a Collision Course With Its 200-Day MA

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