CNBC’s Jim Cramer, a huge Apple fan, told his Mad Money show yesterday that he was optimistic Apple’s earning call next Wednesday.
More specifically, Cramer said he thinks Apple “will be incredibly optimistic about its entire product line, not just the iPhone 12, which takes amazing photos. They are cleaning up thanks to the home economy and the revenue stream from the service should continue to grow as well.
The only wildcard is the currency. Apple has left so much money on the table due to the strong dollar, but the greenback has gotten much weaker this quarter. I think it will matter. “We will wait to hear if Apple CFO Luca Maestri will mention this point next week.”
On Wednesday, Apple, Boeing, Facebook, Tesla and Abbott Laboratories all report their financial data. Jim Cramer’s commentary on Apple begins at 1:05 of the video below.
- According to this source Mad Money’s Jim Cramer is optimistic about Apple’s earnings call on Wednesday due to iPhones and the home economy
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