April 21st, 2008
Jim Cramer: Stop trading, buy Apple
On CNBC’s Stop Trading! segment Monday, Jim Cramer advised viewers to “buy Apple.”
Cramer said that there is a “grudging recognition” in the market, especially after Nokia’s cautious guidance, that the iPhone will continue to win among smartphones. He said the iPhone is “huge, and when we get the next iteration … it’s going to be game, set, match.” He also remarked that “there’s no stock for sale. They keep buying it up.”
Cramer also described a new Mac product called “Conversation” that will “bring Apple to the forefront of instant messaging.” This may have been a misquote, Cramer was probably referring to iChat AV, not a new Apple product.
In related news, AppleInsider is reporting that Apple was granted a patent for iPhone instant messaging on the iPhone in March that they originally filed in August 2007.
When the market closed yesterday (21 April 2008) AAPL was trading at US$168.16, up $7.12 (or 4.42 percent). Apple will hold a conference call to discuss financial results of its second fiscal quarter tomorrow (23 April 2008) at 2:00 p.m. PT/5:00 p.m. ET.
Jason D. O'Grady is the editor of PowerPage.org, which has been publishing daily mobile technology news since December 1995. For disclosures on Jason's industry affiliations, click here or to view Jason's full profile click here.
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