Jim Cramer Slams Wall Street's Negative Outlook On Apple: 'They'll Never Understand Why Apple's A Winner'

Jim Cramer on Friday reiterated his bullish stance on Apple Inc AAPL, stating that Wall Street analysts are overly pessimistic about the company.

What Happened: Cramer highlighted Apple’s enduring customer base as a key reason for the stock’s stability. He voiced criticism of analysts who focus narrowly on the recent earnings data, overlooking the long-term potential of the tech giant, reported CNBC.

“Analysts see Apple’s growth as static, but I see it as an ecosystem of two billion active devices, all ready for an upgrade,” Cramer said.

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While Apple’s latest quarterly report surpassed analysts’ expectations, it also revealed a year-on-year sales drop for the fourth consecutive quarter. However, Cramer remains optimistic about Apple’s growth prospects in large international markets such as India, Brazil, Saudi Arabia, and Vietnam.

He views every new Apple customer as a “lifetime customer,” likely to purchase more from Apple’s array of products. He also believes Apple’s robust service revenue compensates for any hardware weaknesses.

“Until analysts understand that every person in this world may end up being an Apple customer with a lifetime value potentially worth thousands, they’ll never understand why Apple’s a winner,” Cramer concluded.

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